Evaluating elasticity: elasticity function is x = 35(sqrt(32

[mrderson]

The demand function for a certain item is x = 35(sqrt(32-p^2))
---Evaluate the elasticity at 5. E(5)=
I don't know how to find elasticity, so i don't know how to start this problem. If someone could explain elasticity i think that i could figure it out.

 

[Deleted member 4993]

Re: Evaluating elasticity

The demand function for a certain item is x = 35(sqrt(32-p^2))
---Evaluate the elasticity at 5. E(5)=
I don't know how to find elasticity, so i don't know how to start this problem. If someone could explain elasticity i think that i could figure it out.

What is the definition of elasticity - related price and demand?

What is 'x' and what is 'p' in your equation?

Your textbook/classnotes should have answers to these questions.

Did you google "price demand elasticity"?