Question:
If a price-demand equation is solved for p, then price is
Last updated: 7/21/2022
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If a price-demand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by E(x) = - price-demand equation below to find E(x) at the indicated value of x.