A good’s demand is given by: p = 479 – 2q. At p = 80, the point price elasticity is:

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04-05-2022
Mathematics

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A good’s demand is given by: p = 479 – 2q. At p = 80, the point price elasticity is:

Sagot :

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jainveenamrata jainveenamrata · Answer 1 · 2022-05-12T09:14:31-04:00

If the value of the p is 80 and the equation is p = 479 – 2q. Then the price point of the elasticity is 199.5.

What is the linear system?

A Linear system is a system in which the degree of the variable in the equation is one. It may contain one, two, or more than two variables.

A good’s demand is given below.

p = 479 – 2q

At p = 80, the point price elasticity will be

80 = 479 – 2q

2q = 479 – 80

2q = 399

q = 199.5

More about the linear system link is given below.

https://brainly.com/question/20379472

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What is the linear system?

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