JohnnyDuey
Point elasticity…I don’t understand the derivative part…
OK, If I have Q = 100 – p^2
Assuming p1 = 5, then Q = 75, my book says that the point elasticity is equal to:
-2P X 5/75, but what I don’t understand is where the -2P came from. Can someone make this clear in a step
By step way?
1 Answer
lindilou
Try this excellent explanation>>>http://www.masterit.ie/elasticity/point.htm
| 13 years ago. Rating: 1 | |
Top contributors in Economics category
Unanswered Questions
Tartan zemin kaplama
Answers: 0
Views: 7
Rating: 0
Alo789
Answers: 0
Views: 8
Rating: 0
789wincom
Answers: 0
Views: 10
Rating: 0
manclubcomco
Answers: 0
Views: 18
Rating: 0
luck8
Answers: 0
Views: 14
Rating: 0
luck8
Answers: 0
Views: 10
Rating: 0
luck8
Answers: 0
Views: 9
Rating: 0
Nhà cái DU88
> More questions...
Answers: 0
Views: 10
Rating: 0