dQ The demand for widgets is 0= 20/p. When p=4, the price elasticity of demand is equal to: dp Q(P) -1 -0.5

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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dQ
The demand for widgets is 0= 20/p. When p=4, the price elasticity of demand
is equal to:
dp Q(P)
-1
2.
-0.5
Transcribed Image Text:dQ The demand for widgets is 0= 20/p. When p=4, the price elasticity of demand is equal to: dp Q(P) -1 2. -0.5
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