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QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

Question

The demand function for an item is given by p = 32q − q2. Find the elasticity of demand at q = 4

A. -0.17

B. 1.00

C. 1.11

D. 1.17

E. 1.20

Answer

Find Related Questions by Tags, levels, etc.

Tags: Demand Function, Economic Calculations, Elasticity
Level: Level 1

Topic: Mathematics
Series: MAY 2016

QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

Question

Given that the demand function of a business is

calculate the price elasticity of demand when and interpret your result.

(Total: 6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Economics, Demand Function, Elasticity, Price Change
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2015

QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

Question

The demand function for an item is given by p = 32q − q2. Find the elasticity of demand at q = 4

A. -0.17

B. 1.00

C. 1.11

D. 1.17

E. 1.20

Answer

Find Related Questions by Tags, levels, etc.

Tags: Demand Function, Economic Calculations, Elasticity
Level: Level 1

Topic: Mathematics
Series: MAY 2016

QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

Question

Given that the demand function of a business is

calculate the price elasticity of demand when and interpret your result.

(Total: 6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Economics, Demand Function, Elasticity, Price Change
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2015

Question Tag: Elasticity

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QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

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QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

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QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

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QTB – MAY 2016 – L1 – SA – Q3 – Mathematics

Calculate elasticity of demand given a demand function

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QTB – Nov 2015 – L1 – SB – Q2a – Mathematics of Business Finance

Calculate price elasticity of demand using given demand function and interpret the result.

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