Question: Q2. The demand function for a cola-type soft drink in general is Q= 20 2 P, where Q is quantity, P is price. Calculate point

Q2. The demand function for a cola-type soft drink in general is Q= 20 2 P, where Q is quantity, P is price.

Calculate point elasticities at prices of 5 and 9. Is demand curve elastic or inelastic at these points?

Calculate arc elasticity at the interval between P = 5 and P = 6?

At which price would a change in price and quantity result in approximately no change in total revenue? Why?

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