Answered: Suppose the demand equation satiasfies…

Suppose the demand equation satiasfies p(q^1+1)=1, where p denotes the price and q denotes the quanlity. Find the elasticity of demand at q=5

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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Suppose the demand equation satiasfies p(q^1+1)=1, where p denotes the price and q denotes the quanlity. Find the elasticity of demand at q=5. Thank you so much!

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