Question

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

Answer 1

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

Answer 2

what the monkey is "elasticity of demand"??

Answer 3

% change in demand/ % change in price

Answer 4

the derivative?

Answer 5

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

Answer 6

no im not really sure

Answer 7

i am watching a youtube video

Answer 8

oh i see you need to compare the two changes

Answer 9

oooh learn something new every day

Answer 10

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

Answer 11

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