Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 2SQ
Related questions
Question
Given the demand equation, Q = 120000 -10P2
- for this equation, write the expression for the point
price elasticity of demand as a function of P
- Over what range of the prices is the demand inelastic?
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