Saturday
March 28, 2015

Homework Help: Math - Limits/Derivatives

Posted by Jess on Saturday, October 19, 2013 at 1:09pm.

If a price-demand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by E(x) = - [g(x) / xg'(x)]. Use the given price-demand equation to find the values of x for which demand is elastic and for which demand is inelastic.
p = g(x) = 12960 - 0.1x^2

I am really stuck on this question and don't know how to start, could someone please show me?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Microecon - If you are given this function: P=1000-40Q where P=price and Q=sales...
economics - suppose the demand curve for a product is given by Q=10-2P+Ps1,where...
Ecconomics - Price elasticity of demand.Tell whether is elastic,perfectly ...
Managerial Economic - The equation for a demand curve has been estimate to be Q...
calc - I have everything right but the last question asking how many cases per ...
brief calculus - I have everything right but the last question asking how many ...
managerial economics - Explain the relationship between product X, product Y and...
managerial economics - 4. The equation for a demand curve has been estimated to ...
Economics - How is elasticity of supply related to elasticity of demand? Is this...
Advanced Microeconomics College Level - Information on the price elasticity of ...

Members