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Find the elasticity of demand for flash drives

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Reference no: EM131038843

The demand for flash drives is qd=100-p+ln(m),where p is the price of a drive and m is income.

a. Find the elasticity of demand for flash drives when p=2 and m=500. Now find the elasticity of demand for flash drives when p=3 and m=500.

b. What is the income elasticity of demand for flash drives when p=2 and m=500?

c. What is the price elasticity of demand when price is p and income is m? what is the income elasticity of demand when price is p and income is m?

Reference no: EM131038843

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