Answers

2016-03-10T10:28:34+05:30
Elasticity of demand =change in p/change in q *p/q Demand function =10-3p Change in p /change in q = -3 At price5/3,quantity demanded =10-3(5/3)=5 Substituting value, -3*5/(5/3)=-1= elasticity of demand
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