Question
The point elasticity for the demand function= 100- 3.5P at the ($10, 65) point is Select one: a. -3.5 x $10/65 = -0.538 b. 100-
The point elasticity for the demand function= 100- 3.5P
at the ($10, 65) point is
Select one:
a. -3.5 x $10/65 = -0.538
b. 100- 3.5(10) = 65
c. -3.5 x 65/$10 = -22.75
d. $10 x $10/65 = 1.538
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Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
