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2 Linear Demand Consider the demand curve Q = 8- 2P Price Q =8-2P 0 2 8 Quantity Figure 1: Elasticity along a linear demand

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2 Linear Demand Consider the demand curve Q = 8- 2P Price Q =8-2P 0 2 8 Quantity Figure 1: Elasticity along a linear demand curve 1. What is the elasticity when the price is $3? 2. What is the elasticity when the price is $4? 3. What is the elasticity when the price is $0? 4. At what price does unit elasticity occur

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