In Problem 5, the Demand Function for Drangles Is Given

question 23

Multiple Choice

In Problem 5, the demand function for drangles is given by D(p) = (p + 1) ^-2. If the price of drangles is $11, then the price elasticity of demand is

• A) -7.33.
• B) -3.67.
• C) -5.50.
• D) -0.92.
• E) -1.83.

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Definitions:

Examine If Closed

A control system operation that checks whether a specific circuit or contact is in a closed (energized) state.

Examine If Open

Examine If Open is a control logic command used in programming, often in PLCs, to check if a circuit or contact is open before executing further instructions.

Output Energize

A control logic action used in programmable logic controllers (PLCs) to activate an output device.

Input Energize

The process by which an input signal activates or powers a circuit or device.