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October 23, 2014

October 23, 2014

Posted by **Ben** on Wednesday, June 15, 2011 at 5:15pm.

Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50.

a) 5; elastic

b) 1/9; inelastic

c) 7/6; elastic

d) 6; elastic

I choose answer A. Is that correct?

- calculus -
**drwls**, Wednesday, June 15, 2011 at 6:33pmWhat you have written in not an equation.

Is one of your + or - signs supposed to be an = ?

- calculus (typo) -
**drwls**, Wednesday, June 15, 2011 at 8:33pmin = is

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