Question: 33 Submit Test An electronics company determines the demand function q =D(x) = 1/ 450 - x for a new game where q is the
33

Submit Test An electronics company determines the demand function q =D(x) = 1/ 450 - x for a new game where q is the number of games sold per day when the price is x dollars per game a) Find the elasticity b) Find the elasticity at x = 4 c) At x = 4, will a small increase in price cause the total revenue to increase or decrease? a) Find the equation for elasticity E(x) = b) Find the elasticity at the given price. Ha E(4) =(Simplify your answer. Type an integer or a fraction.) Expl c) At x = 4, will a small increase in price cause the total revenue to increase or decrease? Choose the correct answer below O decrease increase Door 'KINVA 01 d Dubey, Himan Door KINVA 01 200 D DOOR IS H R IS HELD OPEL
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
