Assume demand for a product obeys the function: ,
Find the Elasticity of Demand at a price of $37. Give your answer to three decimal places.
E(37) =
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 $37. Give your answer to three decimal places.
E(37) =
At this price, we would say the demand is:
Based on this, to increase revenue we should: