Question: 4. When a particular commodity is priced at p dollars per unit, consumer demands q units, where P and q are related by the equation

4. When a particular commodity is priced at p

4. When a particular commodity is priced at p dollars per unit, consumer demands q units, where P and q are related by the equation q2 + 2pq = 7. do (a) Find of the equation above by implicit differentiation. (b) Based on the information from (a), find the elasticity of demand for this commodity (in variables p and q). dp

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