Calculate the elasticity of demand, if the demand function is at the point where p = 10 and Q = 10. Q=200-10p+4Y, The elasticity of demand is ε = -10. (Enter your response rounded to one decimal place and include a minus sign.) Calculate the elasticity of demand, if the demand function is Q=20p -1.5 The elasticity of demand is &= ☐ (Enter your response rounded to one decimal place and include a minus sign.)
Calculate the elasticity of demand, if the demand function is at the point where p = 10 and Q = 10. Q=200-10p+4Y, The elasticity of demand is ε = -10. (Enter your response rounded to one decimal place and include a minus sign.) Calculate the elasticity of demand, if the demand function is Q=20p -1.5 The elasticity of demand is &= ☐ (Enter your response rounded to one decimal place and include a minus sign.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Calculate the elasticity of demand, if the demand function is
at the point where p = 10 and Q = 10.
Q=200-10p+4Y,
The elasticity of demand is ε = -10. (Enter your response rounded to one decimal place and include a minus sign.)
Calculate the elasticity of demand, if the demand function is
Q=20p
-1.5
The elasticity of demand is &= ☐ (Enter your response rounded to one decimal place and include a minus sign.)
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