Answered: Find the elasticity for the demand…

Find the elasticity for the demand function Q= 80 - 2P - 0.5P2 averaged along an arc joining P = 6 to P= 10. Give your answer to two decimal places. 1.54 O 2.67 1.34 1.30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Find the elasticity for the demand function
Q= 80 - 2P - 0.5p2
averaged along an arc joining P = 6 to P = 10. Give
your answer to two decimal places.
1.54
O 2.67
1.34
1.30

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