g(p)=10000e 0.01p
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
2.
ANSWER THE QUESTION!! STEP BY STEP, (hand writting)
Suppose the demand of a product, a(p), is defined above.
- Compute the elasticity of the demand when the price is $330.
- Is the demand elastic or inelastic at that price?
- If the price goes up by 15%, compute the decrease in the demand in %. SUBMIT THIS ANSWER BELOW with 3 units of precision.
- If we increase the price, are we going to increase or decrease the revenue?
Transcribed Image Text:g(p)=10000e 0.01p
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