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A manufacturer determines that D(p) = 5,000e 0.27 units of a particular commodity will be demanded (sold) when the price is p


b. (5 pts) Sketch the curve and label data from part a 5500 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 20 40 60 80 100
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Answer #1

@ D(P) = 5 oro em 0.2 p. 500X (-012) e-o: 2P do dp clo de - 1020 -0.29 Planificity E = 100o proze price elastic If |E) > 1 1C18/71, loro > 1 e-0.2P promp Shane lord -oizp> -Go goft P2 34.5387 price elastic Ft <I p> 34,5387 price Puelantic If = 1 p= 3© D (P) 60 o 2 A Price relastic رل yo Brice elastic 2 10 34.5317 2 3. 1 4o P cuit electricity @ 02p D: 500 e 3% yo If up fureMeau 2002x 40 500 e blue blue -8 = 5000 e 0/4 1167731 Swo -0.27411,2 e and oluna bluria 1.31942 % Decreere Cu Dewend = 1.6773

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