Aditi Asked a Question
August 27, 2020 4:52 pmpts 5 pts
For a Demand Function p =16-q-0.5q the price elasticity of demand at q=4 is: (1) +0.5 (2) +0.2 (3)+0.7 (4) +0.3
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  • Payel banerjee thankyou
    dd function is p=16-q-0.5q^2. If q=4 then the value of p=4(putting the value of q into the dd equation ).We know that the formula of price elastity of dd(ep)= - dq/dp x p/q. then f...
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  • Payel banerjee
    the correct option is 2.
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    Aditi
    can you please explain?