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15. Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price

16. If the demand curve for comic books is expressed as Q = 10,000/p, then demand has a unitary elasticity O A. always. OB. n

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Answer #1

frice elasticity of derrard (PED) in differential equation is given by : - PED doo PRD You-up d (100-up) dp - 48 l 100-4p - =& PED - do) x b = d (10000/1) & Poole ap a 10000/p € -1 P2 * x pz 70000 - 10000 10000 TED . = 1 CAIL (Always,

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