Suppose a demand function is given by xp then elasticity
Suppose a demand function is given by x(p). Then, elasticity of demand at p is -p d/dx logx(p). Using this, compute the elasticity of demand when x(p) = ap^-b, where a, b are positive constants. (We use notations ln and log interchangeably).
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suppose a demand function is given by xp then elasticity of demand at p is -p ddx logxp using this compute the
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