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November 25, 2014

November 25, 2014

Posted by **Anonymous** on Sunday, March 11, 2012 at 10:28am.

a. Interpret the equation.

b. What is price elasticity at P = 7 and arc elasticity at the interval between P = 6 and P=7.

c. What is income elasticity at Y = 50 and arc elasticity at the interval between Y = 50 and P=60.

d. Now assume that income is RM70. What is the price elasticity at P = 8? Also, calculate arc elasticity at the interval between P=7 and P= 8.

- managerial economics -
**MISHELL**, Friday, October 5, 2012 at 10:10pmA. Q=100-10*7 +0.5*50

Q= 100-70+25

Q= 55

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