For the Demand Function Q = $p ^ { 2 }$

question 1

Multiple Choice

For the demand function q = $p ^ { 2 }$ $e ^ { - ( p + 7 ) }$ , find E(p) and determine if the demand is elastic or inelastic (or neither) at the price p = 5.

• A) E(p) = 2 - p, inelastic
• B) E(p) = p - 2, elastic
• C) E(p) = p - 2, inelastic
• D) E(p) = 2 - p, elastic

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The group of customers who repeatedly purchase the goods or services of a business, representing the business's main source of revenue.

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Securing capital for a project or business by requesting small financial contributions from a large group of individuals, mainly via online channels.

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A strategy for acquiring funds by leveraging the combined contributions of relatives, friends, clients, and independent investors.