# Given the equation for the point own price elasticity of demand as in Problem 3 above, calculate…

Given the equation for the point own price elasticity of demand as in Problem 3 above, calculate the point own price elasticity of demand at P=\$4,000.

a. -2020

b. -0.3636 0.3636

c. -5555

d. -2.752.75

e. not calculable

Given the equation for the point own price elasticity of demand as:

Calculate the point own price elasticity of demand at P=\$2,000.

a. -20 7 20

b. -0.15387 0.1538

c. -130 7 130

d. -6.5 7 6.5

e. not calculable

Problem 3

Given the equation for the point own price elasticity of demand as:

Calculate the point own price elasticity of demand at P=\$2,000.

a. -20 7 20

b. -0.15387 0.1538

c. -130 7 130

d. -6.5 7 6.5

e. not calculable

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