Show that a demand equation q = kp r , where r is a positive constant, gives
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Show that a demand equation q = k∕pr, where r is a positive constant, gives constant elasticity E = r.
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Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
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