Problem
Suppose that the demand for dental hygienists is LD = 5,000 - 20W, where L = the number of dental hygienists and W = the daily wage. What is the own-wage elasticity of demand for dental hygienists when W = $100 per day? Is the demand curve elastic or inelastic at this point? What is the own-wage elasticity of demand when W = $200 per day? Is the demand curve elastic or inelastic at this point?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.