Question #260980

The demand curve is QD=500-1/2P


Calculate the (point) price elasticity of demand when price is Php100.


Expert's answer

E=−12×100500−0.5×100=−19E=-\frac{1}{2}\times\frac{100}{500-0.5\times100}=-\frac{1}{9}


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Canada #339914 on Dec 2023