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13 Nov 2019
Suppose that the price demand equation for a certain item in a business is 200p+x=1800
(a)Find the elasticity of demand E(p)
(b)Find E(6)
(c)At a price of $6 is the demand elastic,inelastic or unitary?
(d)For what price p is the demand unitary?
(c)If the price increases 10% from a price of $6, what is approximate (percentage) change in demand? State whether demand will increases or decreases.
Suppose that the price demand equation for a certain item in a business is 200p+x=1800
(a)Find the elasticity of demand E(p)
(b)Find E(6)
(c)At a price of $6 is the demand elastic,inelastic or unitary?
(d)For what price p is the demand unitary?
(c)If the price increases 10% from a price of $6, what is approximate (percentage) change in demand? State whether demand will increases or decreases.
Trinidad TremblayLv2
29 Sep 2019
