Show that the demand function D(p) = a/p b , where a and b are positive real

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Show that the demand function D(p) = a/pb, where a and b are positive real numbers, has a constant elasticity for all positive prices.

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Related Book For  answer-question

Calculus Early Transcendentals

ISBN: 978-0321947345

2nd edition

Authors: William L. Briggs, Lyle Cochran, Bernard Gillett

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