Question: [ q ( p ) = 1 0 0 0 0 e ^ { - 0 . 0 1 p } ] Suppose

\[
q(p)=10000 e^{-0.01 p}
\]
Suppose the demand of a product, \( q(p)\), is defined above.
1. Compute the elasticity of the demand when the price is \(\$ 250\).
2. Is the demand elastic or inelastic at that price?
3. If the price goes up by \(10\%\), compute the decrease in the demand in \%. SUBMIT THIS ANSWER BELOW with 3 units of precision.
4. If we increase the price, are we going to increase or decrease the revenue?
Supposons que la demande d'une fonction, \( q(p)\), est dfinie ci-haut.
1. Calculer l'lasticit de la demanded lorsque le prix de vente est \(250\$ \).
2. Est-ce que la demande est lastique ou inlastique.
3. Si le prix de vente augmente de \(10\%\), calculer la diminution de la demande en \%. SOUMETTRE LA RPONSE Cl-BAS avec 3 dcimales de prcisions.
4. Si on augmente le prix, est-ce que le revenu va augmenter ou diminuer?
\ [ q ( p ) = 1 0 0 0 0 e ^ { - 0 . 0 1 p } \ ]

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!