Economy, asked by techbrust66, 16 days ago

Suppose that the demand for maple syrup, in thousands of gallons per year, is Q° = 6000 - 30P.
a) What is the elasticity of demand at a price of 375 per gallon?

b) At what price is the expenditure on maple syrup by the consumers highest?

Answers

Answered by xxchocolatexx65

0

Answer:

Qd= 6000 –30 P P=75 Qd…

The formula for calculating elasticity is: Price Elasticity of Demand=percent change in quantitypercent change in price Price Elasticity of Demand = percent change in quantity percent change in price .

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