Marginal Analysis Elasticity Course Packet on elasticity of

Last updated: 2/16/2024

Marginal Analysis Elasticity Course Packet on elasticity of demand and finding the unitary price point Given the demand equation x5 10p 108 where p represents the price in dollars and x the number of units determine the value of p where the elasticity of demand is unitary Price p dollars If the current price is 10 dollars and price is increased by 1 then total revenue will O decrease O increase