the demand function is given by D=(-23-4P+2p²) the price elasticity at 4 is?
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Find the elasticity of demand at price p = 20 given the demand function q = 120 - 4P where p stands for price and q for quantity demanded
Step-by-step explanation:
solution: Q = 120 - 4P putting P = 20 we getq = 40we know that elasticity is quantity demanded / price 4020 = 2 hence the correct option:
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