The demand function of a good is given by P = 80/3Q (a) Show that the price
Question:
The demand function of a good is given by P = 80/3√Q
(a) Show that the price elasticity of demand is a constant.
(b) Sketch a graph of the demand curve.
(c) Shade the area which gives the consumer’s surplus at Q = 64 and use integration to calculate its value.
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a P8003 Hence c 20 E xd80013 QdP 2 b The dem...View the full answer
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