The demand for pineapples takes the following form: Q=10-3p. What is the own-price elasticity of demand when p=2? -3/2, elastic O -3/2, inelastic O -2/3, elastic. O -2/3, inelastic.
The demand for pineapples takes the following form: Q=10-3p. What is the own-price elasticity of demand when p=2? -3/2, elastic O -3/2, inelastic O -2/3, elastic. O -2/3, inelastic.
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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Transcribed Image Text:The demand for pineapples takes the
following form: Q=10-3p. What is the
own-price elasticity of demand when
p=2?
-3/2, elastic
O -3/2, inelastic
O -2/3, elastic.
O -2/3, inelastic.
All the other answers are wrong.
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