compute the elasticity of demand

label Calculus
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Jul 8th, 2015

Thank you for the opportunity to help you with your question!

[-7/4]p+18

4 [-7/4]p+18*4

-7p=-72

p= 10

thus it is elastic demand since it is graeter than one

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 8th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Jul 8th, 2015
...
Jul 8th, 2015
Jun 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer