Math119 35734, Spring 2017
Brief Survey of Calculus I
Prerequisite: C- or better in M115/M125, level 5 on the Mathematics Placement Examination, or 61 on an
ALEKS Assessment Test.
Textbook: Calculus with Appli
Page 1 of 4
Price Elasticity of Demand
Elasticity gauges responsiveness.
The price elasticity of demand measures how much the quantity demanded of a good
responds to a change in the price of that good. It is defined as the percenta