Stanley Frank
12/21/2023 · Elementary School
For the demand function \( q=446-p \), find \( E(p) \) and determine if demand is elastic or inelastic (or neither) at \( p=111 \). \( E(p)= \) Is the demand elastic, inelastic, or neither at \( p=111 \) ? A. inelastic B. neither C. elastic
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\( E(p) \approx -0.331 \)
The demand is inelastic at \( p = 111 \).
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