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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