Question

Asked Nov 10, 2019

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How do you find elasticity when the q=D(x) = 500/(2x-12)^{2}?

I know the E(x) = -x*D'(x)/D(x) but for some reason my D'(x) keeps coming out as -(500*(2(2x-12)*2))/(2x-12)^{4}

Step 1

Consider the given demand function.

Step 2

Formula used:

Step 3

On differentiating with re...

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