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The demand function is given by D = 20 - p-p2 where D = demand and p = price. Find the elasticity of demand w.r.t. price when price is 2​
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1 vote
The demand function is given by

D = 20 - p-p2 where D =
demand and p = price. Find the
elasticity of demand w.r.t. price
when price is 2​

User Laenger
by
5.2k points

1 Answer

6 votes

Answer:

Q=120−4P

Step-by-step explanation:

putting P = 20 we get

q= 40

we know that elasticity is quantity demanded / price

20

40

​

=2

hence the correct option: D

User Crazyoxygen
by
5.0k points
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