*6.3.7 Suppose that a demand function is linear, that is, q=m-np for 0sps m where m and n are positive constants. Show that E =1 at the midpoint of the demand curve on the interval 0sps that is, at p= (2n) Select the correct formula for Elasticity E. p dq q dp O A. E= dq O B. E= p dp Oc. E= P, dq q dp dq O D. E= -p. dp Click to select your answer and then click Check Answer. parts remaining Clear All Check Answer MacBook Air

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Permutations and Combinations

If there are 5 dishes, they can be relished in any order at a time. In permutation, it should be in a particular order. In combination, the order does not matter. Take 3 letters a, b, and c. The possible ways of pairing any two letters are ab, bc, ac, ba, cb and ca. It is in a particular order. So, this can be called the permutation of a, b, and c. But if the order does not matter then ab is the same as ba. Similarly, bc is the same as cb and ac is the same as ca. Here the list has ab, bc, and ac alone. This can be called the combination of a, b, and c.

Counting Theory

The fundamental counting principle is a rule that is used to count the total number of possible outcomes in a given situation.