When p = 12, D = -18+25 = 7
Elasticity of demand = D'(12)[12/7]
= (-1.5)(12/7) = -36/14 = -18/7
Tess A.
asked • 10/22/18elasticity of demand help
Elasticity of demand..compute elasticity of demand for the given demand function. is it elastic, inelastic, or of unit elasticity at the indicated price p
D(p)= -1.5p+25; p=12
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