The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula $q = 92 e ^ { - 4 p ^ { 2 } + p }$
Where q is the demand in monthly sales and p is the retail price in yen. Determine the elasticity of demand E when the retail price is set at 2 yen.

A) 15
B) 2760
C) 60
D) 30
E) 16

Question

The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula   $q = 92 e ^ { - 4 p ^ { 2 } + p }$  
Where q is the demand in monthly sales and p is the retail price in yen. Determine the elasticity of demand E when the retail price is set at 2 yen.
 
A) 15
B) 2760
C) 60
D) 30
E) 16

Quizplus · Accepted Answer

The Answer of The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula   $q = 92 e ^ { - 4 p ^ { 2 } + p }$  
Where q is the demand in monthly sales and p is the retail price in yen. Determine the elasticity of demand E when the retail price is set at 2 yen.
 
A) 15
B) 2760
C) 60
D) 30
E) 16

The Estimated Monthly Sales of Mona Lisa Paint-By-Number Sets Is q=92e−4p2+pq = 92 e ^ { - 4 p ^ { 2 } + p }q=92e−4p2+p

The Estimated Monthly Sales of Mona Lisa Paint-By-Number Sets Is $q = 92 e ^ { - 4 p ^ { 2 } + p }$