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Questions › UoH › UoH 2014 › Q26
1 mark, −0.33Microeconomics › Demand theory and elasticity › Price elasticity of demandModerateabout 1 min

UoH 2014 Question 26: Demand theory and elasticity

Find the price elasticity of demand for the curvilinear demand function of the form Q=aP−bQ = a P^{-b}Q=aP−b

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Find the price elasticity of demand for the curvilinear demand function of the form Q = a P^(-b) (A) -b (B) b (C) 1 (D) None of the above.

Demand theory and elasticity has come up 161 times in 7 exams since 2004.

What this question tests

This question is on Price elasticity of demand, part of Demand theory and elasticity in Microeconomics.

How responsive quantity is to price, at a point, along a linear curve, and for constant-elasticity demand.

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