Mathematics
Mathematics, 13.10.2020 01:01, sydneydavis57

Suppose the demand function for a product is given by p = 1/3 ln(5000-q/q+1)
where p is in hundreds of dollars and q is the number of tons.
(a)
What is the elasticity of demand when the quantity demanded is 5 tons and the price is $224? (Round your answer to one decimal place.)

answer
Answers: 2

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Suppose the demand function for a product is given by p = 1/3 ln(5000-q/q+1)
where p is in hu...

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