Question

plz help me with this.

A demand function is defined implicitly as X^2 p^3 = 1 (X is the quantity demanded and p is its per unit price). Find the elasticity of demand by differentiating the function implicitly and then by making the function explicit and differentiating it. ​

Answer 1

Answer:

A demand function is defined implicitly as X^2 p^3 = 1 (X is the quantity demanded and p is its per unit price). Find the elasticity of demand by differentiating the function implicitly and then by making the function explicit and differentiating it.

Answer 2

x² p³ = 1

so ,

x = √1/p*p*p = √1/p²*p = √1/p = 1/√p