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From the demand equation, Substituting - 0.504p Since Q=p S -1.504 1.269 2.226 for Pg 3 -0.504 1.269 2.226, substituting p Pg 8 =
From the demand equation, Substituting - 0.504p Since Q=p S -1.504 1.269 2.226 for Pg 3 -0.504 1.269 2.226, substituting p Pg 8 = AQ Ap 3 = -0.504p AQ in the formula for the price elasticity of demand, Ap 8 = = -0.504p 8 = -1.504 1.269 Pg AQ (p Ap -1.504 1.269 Pg = -0.504p Pg 92.226 92.226 26 (1) -0.504 1.269 2.226Q-1 -0.504 1.269 2.226 for Q in the equation for the price elasticity of demand, Pg -0.504p Pg -0.504 1.269 2.226 69 2.226 -0.504 1.269 2.226 g (Enter your response rounded to three decimal places.)
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
