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∕p^r, where r is a positive constant, gives constant elasticity E = r.

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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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Question Posted: Apr 11, 2023 03:29 AM

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Show that a demand equation q = kp r , where r is a positive constant, gives

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Writing q kp r ...View the full answer

Applied Calculus

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