Find the point elasticity of the demand equation for the indicated value of q, and determine whether demand is elastic, is inelastic, or has unit elasticity. p= 45-q; q= 3 The point elasticity of the demand equation for q= 3 is n=. (Simplify your answer.)

Q: What is the price elasticity of demand at a price of 50 cents? O -0.02 O 0.03 O -0.50 O -0.46

A: 2  = 110.953 2 = 149.500 Coefficient of determination [r2] = 110.953/149.500 = 0.742

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A: Recall the following. The elasticity is computed as follows. E=-dQdP×PQ

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Q: Use the price-demand equation below to find E(p), the elasticity of demand. x = f(p) = 40,000 - 550p…

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Q: Find the point elasticity of the demand equation for the indicated value of q, and determine whether…

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