Compute the elasticity of demand when p=76, and 118

label Calculus
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Jul 9th, 2015

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 dx/dp = -0.5/sqrt(144-p)

E=  |dx/dp| *p/x 

p= 96

|dx/dp|  = 1/{2sqrt(48)}

p/x = 96/sqrt(48) 

E=1

================

P=76, 

p/x= 76/sqrt(68)

|dp/dx| = 1/{2sqrt(68)}

E = 76/136 = 19/34

P=118 

P/x = 118/sqrt(26)

|dp/dx| = 1/{2sqrt(26)}

E = 118/52 = 59/26 

 



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Jul 9th, 2015

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