Given the price-demand equation and price P+0.005Q=52 P=$30 1. Find the elasticity of demand. Round to 3 d.p. before mov
Posted: Sat Jul 09, 2022 2:25 pm
Given the price-demand equation and price P+0.005Q=52 P=$30 1. Find the elasticity of demand. Round to 3 d.p. before moving to part 2. 2. If the price of P=$30 is decreased by 10%, what is the approximate change in demand? What is the new demand? Enter only the the final value of the new demand to nearest whole number. New demand-? items Answer: items