Suppose the demand function for a good is expressed as Q 80 2p If the good currently sells for $15, find the price elasticity of demand Also explain how the elasticity is expected to change if the price goes up above $15 ...

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Suppose the demand function for a good is expressed as Q = 80 - 2p. If the good currently sells for $15, find the price

Suppose the demand function for a good is expressed as Q = 80 - 2p. If the good currently sells for $15, find the price elasticity of demand. Also explain how the elasticity is expected to change if the price goes up above $15?

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