For P = 80 − 0.4Q, Price Elasticity Of Demand is given by η = (P/Q) ÷ (dP/dQ) which can be
expressed as (80/Q − 0.4Q/Q) ÷ -0.4. Then simplify η to -200/Q + 1 or 1−200/Q.
Kylie J.
asked • 10/27/15Price Elasticity of demand
If P=80-.4Q what is the price elasticity of demand?
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