The demand for a product is given by p = 90 10q. Find the ratio if
Question:
The demand for a product is given by p = 90 − 10q. Find the ratio
if the price changes from p = 50 to p = 51. Interpret this ratio.
Transcribed Image Text:
Relative change in demand | Relative change in price
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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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