Question

- A Demand function is given as q=50-5p. The Price elasticity of Demand at P=5 is
एक माँग फलन इस प्रकार दिया गया है q= 50-5p | P = 5 पर मांग की कीमत लोच है
(A) 4.5
(B) 3.5
(C) 5
(D) 1​

Answer 1

Answer:

p = 5

Explanation:

P = q/p

here the value of P = 5 and q = 50-5p

so, putting the values in the eq.

5= 50-5p/p

5*p= 50-5p

5p=50-5p

10p=50

p=50/10

p=5