The demand equation is .
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at .

A) 0.738; inelastic
B) 1.151; elastic
C) 0.076; inelastic
D) 0.717; inelastic

Question

The demand equation is  . ​
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at  .
​
A) 0.738; inelastic 
B) 1.151; elastic 
C) 0.076; inelastic 
D) 0.717; inelastic

Quizplus · Accepted Answer

The Answer of The demand equation is  . ​
Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at  .
​
A) 0.738; inelastic 
B) 1.151; elastic 
C) 0.076; inelastic 
D) 0.717; inelastic

The Demand Equation Is . ​

The Demand Equation Is .