Question
Q5) Suppose the market demand for playing cards is given by the equation Q = 600 - 100P Where Q is the no. of decks
Q5) Suppose the market demand for playing cards is given by the equation
Q = 600 - 100P
Where Q is the no. of decks of cards demand each year and P is the price in Rupee. For a price increase from Rs. 2 to Rs. 3 per deck, what is the price elasticity?
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Classics In Game Theory
Authors: Harold William Kuhn
1st Edition
1400829151, 9781400829156
