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Evaluate the elasticity of demand

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Reference no: EM1317934

Finding the elasticity of demand at given quantity and price.

Demand for the latest best - seller at OHagandBooks.com, A River Burns Through it, is given by, q= - p2 + 32 p + 10. Find the elasticity of demand for this book at a price of $20.00. Is the price elastic, inelastic, or has unit elasticity?
a.E = -0.645; Price is inelastic
b.E= 160; Price is elastic
c.E= 1056; Price is elastic
d.E= 0.64; Price is inelastic

Reference no: EM1317934

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