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the demand function q = D(p)=√√371- p, find the following. For a) The elasticity b) The elasticity at p= 106, stating wh
Posted: Mon Jul 11, 2022 10:42 am
by answerhappygod
- The Demand Function Q D P 371 P Find The Following For A The Elasticity B The Elasticity At P 106 Stating Wh 1 (50.37 KiB) Viewed 78 times
the demand function q = D(p)=√√371- p, find the following. For a) The elasticity b) The elasticity at p= 106, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) ... a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(106) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? O inelastic O elastic O unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). (Round to the nearest cent. Use a comma to separate answers as needed.)