functions. 2. The demand for a commodity is given by
D(p)=400e^(-.4p)
units when the price is
p
dollars. Find the price elasticity of the demand,
E(p)
, and use it to approximate how much the demand will change if the price increases by
2%
from the current price of
$5
.

Question

functions. 2. The demand for a commodity is given by

D(p)=400e^(-.4p)

units when the price is

p

dollars. Find the price elasticity of the demand,

E(p)

, and use it to approximate how much the demand will change if the price increases by

2%

from the current price of

$5

.

Accepted Answer

Expert Answer to - functions. 2. The demand for a commodity is given by D(p)=400e^(-.4p) units when the price is p doll

Answer

Solution for - functions. 2. The demand for a commodity is given by D(p)=400e^(-.4p) units when the price is p doll

Answer

This an additional answer to - functions. 2. The demand for a commodity is given by D(p)=400e^(-.4p) units when the price is p doll

(Solved): functions. 2. The demand for a commodity is given by D(p)=400e^(-.4p) units when the price is p doll ...