Find price demand equation to find E(p) given the demand function  x = 160 - 35*ln p 

1 Answer | Add Yours

justaguide's profile pic

justaguide | College Teacher | (Level 2) Distinguished Educator

Posted on

The price demand function is `x = 160 - 35*ln p`

Price elasticity of demand is the change in demand for a unit change in the price. As the price function is a continuous one, `E(p) = (dx)/(dp)`

`(dx)/(dp) = -35/p`

The price elasticity of demand is `E(p) = -35/p`


We’ve answered 319,846 questions. We can answer yours, too.

Ask a question