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shortiesport23

  • 4 years ago

suppose the demand for widgets is given by the equation Q=160-2P. A) calculate the elasticity of demand at the price $30 B) is the demand curve elastic or inelastic at that price? C) will an increase in widget production increase total revenue, decrease total revenue, or not change total revenue?

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  1. alexxis15
    • 4 years ago
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    thats letter A

  2. TuringTest
    • 4 years ago
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    A)plug in P=30 into your equation, see what you get for Q

  3. shortiesport23
    • 4 years ago
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    okay so q=100

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