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c. {10 Points] Investigate the priceLquantity combination at which the point price elasticity of demand for your product is 1? It is not sufcient to
c. {10 Points] Investigate the priceLquantity combination at which the point price elasticity of demand for your product is 1? It is not sufcient to simply report such a price and quantity from the above table, nor would it be sufcient to plug in different prices and quanties until you get the answer where the point price elasticity is 1. You should show an algebraic derivation and explanation of your work to indicate hW you arrived at this price and quantity. If this combination happened to exist in the above table, you should still show mathematical proof of how these numbers can be algebraically derived, as if you didn't know what they were
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