Question: 1 . Write the formula for elasticity. 2 . If demand is given by Q ( P ) = 1 0 0 P 4 ,

1. Write the formula for elasticity.
2. If demand is given by Q(P)=100P4, derive the slope (dQdP). Derive the elasticity of demand.
3. If demand is given by Q(P)=20-4*P, derive the slope (dQdP). Derive the elasticity of demand when P=2; and P=4.
1 . Write the formula for elasticity. 2 . If

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