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Mathematics 16 Online
OpenStudy (anonymous):

Demand for a new video game, in hundreds, is D(p)=-1.6p^2+100p+50. Find the elasticity of demand for p=$15 and p=$50 and interpret your answer. Calculus

OpenStudy (anonymous):

\[ \huge^2 \blacktriangle \blacktriangle\]

OpenStudy (anonymous):

what the monkey is "elasticity of demand"??

OpenStudy (anonymous):

% change in demand/ % change in price

OpenStudy (anonymous):

the derivative?

OpenStudy (anonymous):

picture in wikki suggests it is the slope of the normal line, does that sound right?

OpenStudy (anonymous):

no im not really sure

OpenStudy (anonymous):

i am watching a youtube video

OpenStudy (anonymous):

oh i see you need to compare the two changes

OpenStudy (anonymous):

oooh learn something new every day

OpenStudy (anonymous):

this is two separate questions right? one for \(p=15\) and another for \(p=50\)

OpenStudy (anonymous):

looks like it is \(D'(p)\times \frac{p}{D(p)}\)

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