For a particular commodity, the demand function is q=1/4 (400-p^3). a. find e when p=1. e=________ is the demand elastic, inelastic, or unit elastic?
For a particular commodity, the demand function is q=1/4 (400-p^3). a. find e when p=1. e=________ is the demand elastic, inelastic, or unit 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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For a particular commodity, the demand function is q=1/4 (400-p^3).
a. find e when p=1.
e=________
is the demand elastic, inelastic, or unit elastic?
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