If a price-demand equation is solved for p, then price is expressed as p = g(x) and

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If a price-demand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by

In Problem, use the price-demand equation to find E(x) at the indicated value of x.
P = g(x) = 30 - 0.05x, x = 400

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 08:22 AM

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If a price-demand equation is solved for p, then price is expressed as p = g(x) and

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g(x) Eg) E(x

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p gx 30 005x ...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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