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Consider the price-demand equation given byp=6,000−x/ 1,200.For which value of p is the elasticity of demand undefined?


Consider the price-demand equation given by

p=6,000−x/ 1,200.

For which value of p is the elasticity of demand undefined?

Step 1

P = (6,000 - X) / 1,200

Hence, X = 6,000 - 1,200P

dX / dP = -1,200

Step 2

Please see the white board. E is the elasticity of demand with respect to price.

Step 3

For the leasticity of demand to be undefined, the denomina...

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