Question: Given the demand function D ( p ) = 1 0 0 - 2 p 2 . Find the Elasticity of Demand at a price

Given the demand function D(p)=100-2p2.
Find the Elasticity of Demand at a price of $45
At this price, we would say the demand is:
Unitary
Elastic
Inelastic
A
Based on this, to increase revenue we should:
Keep Pricer Unichanged
Lower Prices
Raise Prices
Question Help:
Video
Given the demand function D ( p ) = 1 0 0 - 2 p 2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!