Please help me with the answers that belong inside of the two answer boxes! This is a practice exam study guide and I'm stuck on this one :( For a particular commodity, the demand function is qa. Find Є when p = 6.150,000РE -1☑b. Is demand elastic, inelastic, or unit elastic?elastic✓ ×

Given:Demand Function: q = 150,000 / pp = 6a. E = 1Get the derivative from the demand function:dq /…

Answered: For a particular commodity, the demand…

For a particular commodity, the demand function is q a. Find Є when p = 6. 150,000 Р E -1 ☑ b. Is demand elastic, inelastic, or unit elastic? elastic ✓ ×

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 2E

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Question

Please help me with the answers that belong inside of the two answer boxes! This is a practice exam study guide and I'm stuck on this one :(

For a particular commodity, the demand function is q
a. Find Є when p = 6.
150,000
Р
E -1
☑
b. Is demand elastic, inelastic, or unit elastic?
elastic
✓ ×

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