a) 1,13b) 0,13c) -0,13d) -1,13 If the demand is given by p = f(q) = 8100 – 4q² then what is the demand elasticity forq = 40 ?

Answered: If the demand is given by p = f(q) =…

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If the demand is given by p = f(q) = 8100 – 4q then what is the demand elasticity for q = 40 ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

a) 1,13
b) 0,13
c) -0,13
d) -1,13

If the demand is given by p = f(q) = 8100 – 4q² then what is the demand elasticity for
q = 40 ?

Expert Solution

Introduction

Price elasticity of demand: The price elasticity of demand calculates the change in the quantity demanded of a commodity because of the change in the price of the commodity.

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