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yulyashka [42]
3 years ago
7

Given Qx=20-5p where price is 3 units find the price elasticity​

Business
1 answer:
padilas [110]3 years ago
7 0

Answer:

Q_x=5

Explanation:

Given that,

The formula is :

Q_x=20-5p ....(1)

Where p is price

We need to find the price elasticity

Put p = 3 units in equation (1)

Q_x=20-5(3)\\\\=20-15\\\\=5

Hence, the price elasticity is 5.

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