The demand function for a product is given by ,
Find the Elasticity of Demand at a price of $110. Give your answer to three decimal places.
E(110) =
At this price, we would say the demand is:
Based on this, to increase revenue we should:
Find the Elasticity of Demand at a price of $110. Give your answer to three decimal places.
E(110) =
At this price, we would say the demand is:
Based on this, to increase revenue we should: