# Science:Math Exam Resources/Courses/MATH104/December 2011/Question 05 (a)

MATH104 December 2011
Other MATH104 Exams

### Question 05 (a)

In the following figure, the curved graph is a demand curve where q is the demand and p is the price in dollars. The straight line is the tangent line to this demand curve at the point (p,q) = (2,6). Recall that the price elasticity of demand is given by

$\epsilon (p)={\frac {p}{q}}{\frac {dq}{dp}}$  (a) Comput $\epsilon (2)$ , the elasticity at price \$2.

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