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A good's demand is given by: P = 303 - 3Q. At P = 177, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES). 

          A good's demand is given by: P = 303 - 3Q. At P = 177, the point price elasticity is:
Enter as a value (ROUND TO TWO DECIMAL PLACES).
A good's demand is given by: P = 303 - 3Q. At P = 177, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES).

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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A good's demand is given by: P = 303 - 3Q. At P = 177, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES).
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Transcript

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00:01 The equation is given as pq plus p plus 100q is equal to 50 ,000.
00:06 This is equation 1 and q into p plus 100 is equal to 50 ,000 minus p.
00:14 So q is equal to 50 ,000 minus p divided by p plus 100.
00:20 Now when p is equal to 234, so q is equal to 49766 divided by 334.
00:28 This is equation 2...
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