Z(p)=38−p–√2
Let Z be the quantity demand for zucchini. p is the price of zucchini.
(9) (i)...
Mathematics, 17.12.2020 03:30 slonekaitlyn01
Z(p)=38−p–√2
Let Z be the quantity demand for zucchini. p is the price of zucchini.
(9) (i) Find a general expression for the price elasticity of demand. Be sure to simplify.
(3) (ii) Calculate the price elasticity of demand if p=4. Is it elastic or inelastic?
Answers: 2
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