Anonymous

# Find the elasticity pf demand E(p). D(p)= 500/p p=2 CALCULUS!! Please help! THANKS!?

Find the elacticity pf demand E(p).

Determine whether the demand is elastic, inelastic, or unitary elastic at the given price P.

D(p)= 500/p p=2

I ALWAYS GIVE OUT BEST ANSWER POINTS!! NO VOTING!

### 1 Answer

Relevance

- HelmutLv 71 decade agoBest Answer
"(In determining elasticity, absolute values govern--negative and positive signs may be omitted.)"

E = p/D(dD/dp)

dD/dp = -500/p^2

D(2) = 250

dD/dp@2 = -125

E(2) = 2(125)/250 = 1

At the given price the demand is unitary elastic.

Still have questions? Get your answers by asking now.