suppose you have estimated the following demand
Suppose you have estimated the following demand function for the product you sell:
Q = 5 - 0.2P
At what price will the demand for your product be unitary elastic?
(Hint: Begin by recalling the relationship between MR and elasticity.)
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suppose that the price elasticity of demand for cereal is -075 and the cross-price elasticity of demand between cereal and the price of milk is -09
suppose you have estimated the following demand function for the product you sellq 5 - 02pat what price will the demand for your product be unitary
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