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For the demand function q = D(p) = /452 - p, find the following. a) The elasticity b) The elasticity at p= 107, stating wheth

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Solution : demand function 9 - Deb) $452-6 given 9) elasticity (E) for elasticity we have following formula, E dq db ܩܢ 12 Noelasticity at D = 107 When. b = 107 E - 107 lao và (425-b) - 500 2 (425- 107 - 107 2x 318 107 636 -0.1681 E w 0.17 As E < 1.dr de d (. (425-672 ) dp ► 4 (125-bys + (695-bie gaan o de þ. (-1) (425-6): 1 . 2(425-6) 12 -p + 2.(425-)?. (425 - by? 2 (42

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