Answer to Question #142337 in Finance for Mr. Dinesh Pal Singh

Question #142337
40. The demand equation for a product is given by P = 30 – 0.1Q2
i) Write an equation for the point elasticity as a function of quantity.
ii) At what price is demand unitary elastic?
1
Expert's answer
2020-11-10T10:03:51-0500

i)



ii) Ep=1


P=30


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS