Ejercicio Test 5 - c · Microeconomía I UPF 2019

Test 5. Questions 1-8 (June 2, 2020)

c. Two consumer groups have inverse demand curves $p_1(x) = 30 - x$ and $p_2(x) = 30 - \frac{x}{3}$. What is the absolute value of the price elasticity $|\varepsilon|$ of their aggregate demand at price $p = 4$?