What is the time elasticity of demand when t=2 minutes

Reference no: EM13541231

Latent demand for highway travel is defined as the differencebetween the maximum numver of trips that could be made and thenumber of trips that are actually made. given a demandfunction:

Q=1800-150t

What is the time elasticity of demand when t=2 minutes? what is thelatent demand?

Reference no: EM13541231

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