Question: 2 . 2 Quadratic Demand Function Q Q = 1 2 0 - 6 P + 0 . 5 P 2 Tasks: Calculate the price

2.2 Quadratic Demand Function
QQ=120-6P+0.5P2
Tasks: Calculate the price elasticity of demand at the following price points. Make sure
to retrieve the respective level of quantity first. Classify the demand as elastic, inelastic, or
unit elastic at both of these points.
P=10
P=20
2 . 2 Quadratic Demand Function Q Q = 1 2 0 - 6 P

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