Question: State whether the demand is elstic, inelastic or neither for the given demand function 700 q= p+5 at p = 15 Inelastic Elastic Neither
State whether the demand is elstic, inelastic or neither for the given demand function 700 q= p+5 at p = 15 Inelastic Elastic Neither inelastic nor elastic
Step by Step Solution
3.34 Rating (151 Votes )
There are 3 Steps involved in it
q 700 p 5 at p 15 substitute p ... View full answer
Get step-by-step solutions from verified subject matter experts
