The expression E(p) represents the elasticity at point p and by putting the known data we can find the value of elasticity.
It is defined as a special type of relationship, and they have a predefined domain and range according to the function every value in the domain is related to exactly one value in the range.
We have a demand function:
q=0. 6(3800-p²)
Differentiate with respect to p:
[tex]\rm \dfrac{dq}{dp} = -1.2p[/tex]
We know the elasticity:
[tex]\rm E(p) = \dfrac{dq}{dp}\times\dfrac{p}{q}[/tex]
[tex]\rm E(p) =-1.2p \times\dfrac{p}{0.6(3800-p^2)}[/tex]
[tex]\rm E(p) = -\dfrac{2p^2}{(3800-p^2)}[/tex]
Here the data for p and q are not given, but we can find any value using the above expression by putting the known data.
Thus, the expression E(p) represents the elasticity at point p and by putting the known data we can find the value of elasticity.
Learn more about the function here:
brainly.com/question/5245372
#SPJ4
