Determine the point elasticity n of the demand equation pq+ p+ 50q = 10,000 when p = 200. On--0.820; demnd is elastic On=-0.820; demand is inelastic in 0.820; demand is inelastic On= 0.820; demand is elastic

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Chapter1: Functions And Models
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Determine the point elasticity ŋ of the demand equation pq+ p + 50q= 10,000
when p= 200.
%3D
On=-0.820; demnd is elastic
On = -0.820; demand is inelastic
%3D
n = 0.820; demand is inelastic
On = 0.820; demand is elastic
Transcribed Image Text:Determine the point elasticity ŋ of the demand equation pq+ p + 50q= 10,000 when p= 200. %3D On=-0.820; demnd is elastic On = -0.820; demand is inelastic %3D n = 0.820; demand is inelastic On = 0.820; demand is elastic
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