A demand function is given by the equation Q = 107 – 3P.Suppose the price is P = 14.At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Hint: You’ll have to find the quantity at this price as well. Round your answer to the nearest tenth.
3 Simple steps to get your paper done |
||
Step 1 |
Step 2 |
Step 3 |
| Place Order | Down to work | Paper is Ready! |
|
Takes just a few minutes! |
Best writer takes the order |
Access via your account |