Demand in a market is given by ?? = 200 / ? (?? is measured in...

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Demand in a market is given by ?? = 200 / ? (?? is measured in...

Demand in a market is given by ?? = 200 / ? (?? is measured in millions, ? in $)
B. Calculate the demand elasticity when ? = 10. How do you interpret this result.
C. Calculate the demand elasticity for an arbitrary value of ?.

business economics

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Answer 1

Answer #1

Since;. equation is Price elasting of given by dermond in differential .) * PED d(0o) 100 dp - d (200lp) & Poole ap IDED = -1

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Answer 2

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Demand in a market is given by ?? = 200 / ? (?? is measured in...

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