1314-HW-10.pdf - Math 1314 Homework 10 Enter your answers...

Math 1314
Homework 10
Enter your answers in the EMCF titled “Homework 10” at casa.uh.edu before the due date/time.
1. If the price of cigarettes increases, the demand would be:
A. Elastic
B. Inelastic
C. Unitary
2. If Chevron petrol increases in price, then the demand would be:
3. Suppose
1
( )
3
E p  when price is $150. Demand is
4. Problem 4.2.56, find E ( p ) for p = 6.
1
5. In question 4 above, is the demand elastic, inelastic or unitary?
A. Elastic
B. Inelastic
C. Unitary
Math 1314 Homework 10 Page 1 of 2
6. Problem 4.2.60, find