Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?

Question

asked Mar 15, 2019 147k views

1 Answer

Lavrton · Answer 1 · 2019-03-19T02:40:04+0000

I believe the answer to this question is: the price elasticity of demand is 60. q = 80 - 0.5(40) is the equation I used. Half of 40 is 20, and 80 minus 20 is 60.

Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions