2
answers
0
watching
251
views
21 Apr 2018

7. The demand equation for a certain product is q= 500 - D. Find the point elasticity of demand when p = 400. Is the demand elastic, inelastic or does it have unit elasticity? A = -0.5, inelastic B n= -2, elastic © n =-1, unit elasticity D2=-2, inelastic None of these

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Trinidad Tremblay
Trinidad TremblayLv2
23 Apr 2018
Already have an account? Log in
Start filling in the gaps now
Log in