question archive The point elasticity for the demand function Q=100−3
The point elasticity for the demand function Q=100−3
Subject:EconomicsPrice: Bought3
The point elasticity for the demand function Q=100−3.5P
Q=100−3.5P at the ($10, 65) point is
Select one:
a. −3.5×65
$10
=−22.75
−3.5×65$10=−22.75
b. 100−3.5(10)=65
100−3.5(10)=65
c. −3.5×$10
65
=−0.538
−3.5×$1065=−0.538
d. $10×$10
65
=1.538
$10×$1065=1.538
