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beast asked in Social ScienceEconomics · 3 years ago

For the following demand equation compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic.?

x = (-11/4)p + 19, p = 6

1 Answer

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  • Anonymous
    3 years ago

    E= -11/4 x 6/35.5=-0.46,inelastic

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