Calc Help

posted by .

demand = (p+1)sqroot(q+1)=1000. Find elasticity of demand at a price of $39 per unit.

I am really struggling with this problem is there anyone that can help me?

i am not familiar with the terminology, but if you are trying to solve for p, it is not that hard

(p+1)√(p+1) = 1000
(p+1)^(3/2)=1000
raise both sides to the 2/3 power
to get
p+1=1000^(2/3)
.
.
p=

I am trying to solve for q not p.

sorry, I didn't mind my p's and q's, read them as p

(q+1)^(1/2)=1000/(p+1)

q+1 = [1000/(p+1)]^2

q = [1000/(p+1)]^2 - 1

thank you!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Microecon

    If you are given this function: P=1000-40Q where P=price and Q=sales..... How do you get the price elasticity of demand at a price that is $500?
  2. Math

    Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a …
  3. Math

    Could someone answer this question so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly …
  4. Math

    Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a …
  5. Math

    Could someone work this question out so I understand it. Thanks The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a …
  6. Math - Limits/Derivatives

    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 …
  7. Calc

    The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the …
  8. Economics

    1.calculate the price elasticity of demand when the price was increased from R25 to R40 ?
  9. Business Math

    3.) The demand equation for a certain product is q=500-40p+p^2 where p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15 …
  10. Business Math

    3.) The demand equation for a certain product is q=500-40p+p^2 here p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15 is …

More Similar Questions