Question
The equation for a supply curve is P = 3Q – 8. What
is the elasticity in moving from a price of 4 to a price of 7?Solution
dP/dQ = 3 dQ/dP = 1/3 es = (1/3)* 4/4 [Q at P=4 is also 4] =1/3
Surrender of certificate of security is made to the …
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