The supply function is given as Q=-100 + 10p. find the elasticity using method, When price is Rs 15
Answers
Answered by
33
Explanation:
Q=-100+10p
=-100+10(15)
=-100+150
q=50
= 10×15/50
150/50=3
d(-100)+10p/dp
=d1/dp(-100)+d/dp+(10p)
=0+10d/dp(P)
= 0+10×1
=10
Answered by
0
Answer:
(d) 3
Explanation:
Q = -100 + 10(15)
= -100 + 110
e = dq /dp х р /q
= 10 X 15/50
= 3
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