Find the elasticity of the demand function as a function of p.
x = D(p) = 800 - p
E(p)
%3D
800
E(p) = p(800 - p)
E(p)
p- 800
1
O Elp)
800 - P
Suppose that the demand function for Brand X is P = 360 - 50Qd. Show
whether going from 3 to 4 units is elastic or inelastic.
an electronics store determines the following demand function for phones of a particular type
q=D(x)=(3x+250)/(11x+15)
where q is the number of phones sold per day when the price per phone is x dollars. Find the elasticity.
E(x)=2705/(33x2+2750+3750)
E(x)=2795x/(33x2+2750x+3750)
E(x)=x/(33x2+2795x+3750)
E(x)=2705x/(33x2+2795x+3750)
Elementary Statistics: Picturing the World (7th Edition)
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