Results 1 to 3 of 3

Math Help - Elasticity of demand help

  1. #1
    Newbie
    Joined
    Feb 2010
    Posts
    7

    Elasticity of demand help

    Find the elasticity of demand at the price with the demand of .

    This is what i get (285(3)^(1/2))/(9(190)^(1/2)(190/3)^(1/2)) = .5

    p= 3
    x= (190/3)^(1/2)
    dx/dp= (-190)/(9(2x)) and then plug in the x.

    What is the correct way how to do this? I know the formula is p/x * dx/dp
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Flow Master
    mr fantastic's Avatar
    Joined
    Dec 2007
    From
    Zeitgeist
    Posts
    16,948
    Thanks
    5
    Quote Originally Posted by everlasting View Post
    Find the elasticity of demand at the price with the demand of .

    This is what i get (285(3)^(1/2))/(9(190)^(1/2)(190/3)^(1/2)) = .5

    p= 3
    x= (190/3)^(1/2)
    dx/dp= (-190)/(9(2x)) and then plug in the x.

    What is the correct way how to do this? I know the formula is p/x * dx/dp
    If you expect to get help in the Calculus subforum then you need to define technical terms such as "elasticity of demand" in terms of the given functions.
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Newbie
    Joined
    Feb 2010
    Posts
    7
    it is \frac{p}{x} * {dx}/{dp}
    still learning how to post in La tex...

    No help from anyone again, solved it myself.
    Last edited by everlasting; October 19th 2010 at 07:55 PM.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. elasticity of demand
    Posted in the Calculus Forum
    Replies: 7
    Last Post: November 9th 2010, 05:19 PM
  2. Elasticity of Demand
    Posted in the Calculus Forum
    Replies: 1
    Last Post: April 13th 2010, 04:03 PM
  3. Elasticity of Demand
    Posted in the Math Topics Forum
    Replies: 1
    Last Post: March 15th 2009, 10:35 AM
  4. Elasticity of demand
    Posted in the Business Math Forum
    Replies: 2
    Last Post: December 27th 2008, 07:56 PM
  5. Elasticity of demand
    Posted in the Business Math Forum
    Replies: 1
    Last Post: November 16th 2008, 10:23 PM

/mathhelpforum @mathhelpforum