Question
2. A linear demand curve has the following elasticities of demand at the points for these values of Q: Q2 = 2000, 2 = -0.3;
2. A linear demand curve has the following elasticities of demand at the points for these values of Q: Q2 = 2000, 2 = -0.3; Q1 = 1000, 1 = -1.6, P1 = 26.5
From that information, derive the formula for the demand curve.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
