Provide an appropriate response.The demand function for a manufacturer's product is given by p = 300 - q2, where p is the price per unit when q units are demanded.(a)Determine the point elasticity of demand when q = 5.(b)For q = 5, is demand elastic, inelastic, or does it have unit elasticity?(c)For what value of q does demand have unit elasticity?
What will be an ideal response?
(a) | - ![]() | (b) | elastic | (c) | 10 |
Mathematics
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A. -
B. -
C.
D.
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