Question
18) The demand equation is x + 1/6p - 10+0.
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50.
a) 5; elastic
b) 1/9; inelastic
c) 7/6; elastic
d) 6; elastic
I choose answer A. Is that correct?
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50.
a) 5; elastic
b) 1/9; inelastic
c) 7/6; elastic
d) 6; elastic
I choose answer A. Is that correct?
Answers
What you have written in not an equation.
Is one of your + or - signs supposed to be an = ?
Is one of your + or - signs supposed to be an = ?
in = is
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