What is the elasticity of demand as price falls

Reference no: EM132119613

Question: The equation for a demand curve is P = 2/Q. What is the elasticity of demand as price falls from 5 to 4? What is the elasticity of demand as the price falls from 9 to 8? Would you expect these answers to be the same? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132119613

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