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Author Question: If the demand curve for slices of pizza is given as Q = 300 - 16p, then the point elasticity of ... (Read 281 times)

Pineappleeh

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  • Posts: 585
on: Mar 14, 2021

Question 1

If the demand curve for comic books is expressed as Q = 10,000 * p-1, then demand has a unitary elasticity
◦ only when p = 10,000.
◦ only when p = 100.
◦ always.
◦ never.

Question 2

If the demand curve for slices of pizza is given as Q = 300 - 16p, then the point elasticity of demand when price is $1.50 is
◦ -24.
◦ -16.
◦ -0.0054.
◦ -0.087.
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Marked as best answer by Pineappleeh on Mar 14, 2021

scrocafella

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Reply #1 on: Mar 14, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Pineappleeh

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

adf223

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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