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
| 14 years ago. Rating: 1 | |
Top contributors in Economics category
Unanswered Questions
188mtech
Answers: 0
Views: 11
Rating: 0
What should I consider when purchasing bridal juttis for women?
Answers: 0
Views: 11
Rating: 0
x88college1
Answers: 0
Views: 15
Rating: 0
pitaes
Answers: 0
Views: 12
Rating: 0
jarukcom
Answers: 0
Views: 11
Rating: 0
RIKVIP
Answers: 0
Views: 12
Rating: 0
okviponline
Answers: 0
Views: 12
Rating: 0
AAAJILI – Modern Online Gaming Platform in the Philippines
> More questions...
Answers: 0
Views: 9
Rating: 0