Given the demand function q = 398-3p, calculate the elasticity of demand when p = 79. OA. 2.7 OB. 0.37 OC. 0.68 D. 1.47 ...

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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Given the demand function q = 398-3p, calculate the elasticity of demand when p = 79.
OA. 2.7
OB. 0.37
OC. 0.68
OD. 1.47
...
Transcribed Image Text:4 Given the demand function q = 398-3p, calculate the elasticity of demand when p = 79. OA. 2.7 OB. 0.37 OC. 0.68 OD. 1.47 ...
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