Question
If the demand, q , is q = V 1600 – 4 p² ,
(a) Find the Elasticity, E , in terms of p.
(b) If the price is p = 10 , find the elasticity, E.
(C) Which best describes the situation at this price?
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Measurements of elasticity

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Transcribed Image Text

If the demand, q , is q = V 1600 – 4 p² , (a) Find the Elasticity, E , in terms of p. (b) If the price is p = 10 , find the elasticity, E. (C) Which best describes the situation at this price?