Calculate the price elasticity of demand

Assignment Help Microeconomics
Reference no: EM13498517

Calculate the price elasticity of demand for the following demand functions:
(a) Q = 5 - ln(P) for P=8
(b) Q = 2000 - 0.5P^3 for P=15 (0.5 multiplied by p cubed)
(c) Q = (12-P)^2 (12-P)squared
for P=10
(d) P= 2/Q for P=1

Reference no: EM13498517

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