Math  /  Math Statement

QuestionFind the point elasticity of demand for cellphones at the price p=4600p=4600, given the demand function q=850004pq=85000-4p.

Studdy Solution
Calculate the point elasticity of demand.
=4600(4)/66800=0.275 =4600 \cdot (-4) /66800 = -0.275The point elasticity of demand when p=4600p =4600 is -0.275.

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