MT1186: The demand equation for a market is given by: q(1 + 2 ln p) = 2. Show that the elasticity of demand is equal to the: Mathematical Methods Assignment, SIM
Questions The demand equation for a market is given by: q(1 + 2 ln p) = 2 (a) Show that the elasticity of demand is equal to the inverse demand function. (b) Hence, determine the range of values of p such that the elasticity of demand will be elastic. Let for values of x where … Read more