Find the elasticity of demand if the demand function is x=25-4p+p2 where x is the demand for commodity at price p
Answers
Answered by
1
Answer:
, x=200−4p
η=
∂p
∂x
×
x
0
p
0
=−4×
200−4p
p
b, η=−4×
200−40
10
=
160
−40
=
4
1
η<1, goods price inelastic.
Similar questions