Find (a) the elasticity of demand and (b) the range of prices for which the demand is elastic (E , -1). f(p) = 200(30 - p)

Question

anonymous · Answer

@amistre64  can u help?

amistre64 · Answer

ive never got to play with elasticity equations ....

anonymous · Answer

ok

anonymous · Answer

@ParthKohli  can u help?

parthkohli · Answer

Whatever Amistre can't do, never ask me.

amistre64 · Answer

lol, if you can point me to a link, i might be able to determine something useful

amistre64 · Answer

elasticity of demand has something to do with the ratio of:  change in demand by change in (object of the demand)

amistre64 · Answer

at the moment, your notation is either complete and foreign to me, or you are missing some information

amistre64 · Answer

heres something that might apply, and it gives a different formula than the other site i was looking at http://www.extension.iastate.edu/agdm/wholefarm/pdf/c5-207.pdf

anonymous · Answer

okay hold on

anonymous · Answer

amistre64 · Answer

that video seems very comprehensive.  what part of it is giving you issues?

anonymous · Answer

I'll look at it again, i think I'm missing something :/

amistre64 · Answer

let me know if you get stuck along the video, i might be able to iron out the wrinkles :)

anonymous · Answer

ok

anonymous · Answer

@Mertsj  can u help?