p is in dollars and q is the number of units. Suppose that the demand for a product is given by . Find the elasticity when and . Round your answer to four decimal places.
A) 1.0000
B) 0.0040
C) 0.0049
D) 0.0138
E) 0.2011

Question

p is in dollars and q is the number of units. Suppose that the demand for a product is given by  . Find the elasticity when  and  . Round your answer to four decimal places. ​
A) 1.0000 
B) 0.0040 
C) 0.0049 
D) 0.0138 
E) 0.2011

Quizplus · Accepted Answer

The Answer of p is in dollars and q is the number of units. Suppose that the demand for a product is given by  . Find the elasticity when  and  . Round your answer to four decimal places. ​
A) 1.0000 
B) 0.0040 
C) 0.0049 
D) 0.0138 
E) 0.2011

P Is in Dollars and Q Is the Number of Units