The demand function of a good is P= -Q² – 4Q+ 120. Calculate the price elasticity of demand%3Dwhen P = 75.1515111514

P-Q²-4Q+120 dP / dQ=-20-4 At P = 75, P-Q²-4Q+120 => 75 = -Q² - 4Q + 120 => Q² +4Q+75 - 120 = 0…

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The demand function of a good is P = when P = 75. 4Q + 120. Calculate the price elasticity of demand 15 O -# 15 11 7 O - 15 14

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

The demand function of a good is P= -Q² – 4Q+ 120. Calculate the price elasticity of demand
%3D
when P = 75.
15
15
11
15
14

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