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x = 10 + (1/p^2) Elasticity , E = (dx/dp)*(p/x) = (-2/p^3)*(p/(10 + (1/p^2) ) Put p
= 0.3,we get E = (-2/0.3^3)*(0.3/(10+(1/0.3^2)) E = - 1.0526
Solution
x = 10 + (1/p^2) Elasticity , E = (dx/dp)*(p/x) = (-2/p^3)*(p/(10 + (1/p^2) ) Put p
= 0.3,we get E = (-2/0.3^3)*(0.3/(10+(1/0.3^2)) E = - 1.0526

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x = 10 + (1p^2) Elasticity , E = (dxdp)(px) .pdf

  • 1. x = 10 + (1/p^2) Elasticity , E = (dx/dp)*(p/x) = (-2/p^3)*(p/(10 + (1/p^2) ) Put p = 0.3,we get E = (-2/0.3^3)*(0.3/(10+(1/0.3^2)) E = - 1.0526 Solution x = 10 + (1/p^2) Elasticity , E = (dx/dp)*(p/x) = (-2/p^3)*(p/(10 + (1/p^2) ) Put p = 0.3,we get E = (-2/0.3^3)*(0.3/(10+(1/0.3^2)) E = - 1.0526