SOLUTION: If the demand function for a certain product is
P=60−3,5Q,
where P
and Q
are the price and quantity respectively, determine the point price elasticity of demand if the pric
Question 1200846: If the demand function for a certain product is
P=60−3,5Q,
where P
and Q
are the price and quantity respectively, determine the point price elasticity of demand if the price P
equals R18. Answer by ikleyn(52847) (Show Source):