Using Calculus to Calculate Elasticities

Utilizing Calculus to Calculate Elasticities [Q:] I comprehend the conditions you have on your site in regards to the adjustment in amount requested and change in cost to figure the flexibility. How might I convert this condition into those sorts? I dont very comprehend what this condition implies. No other information was given. Request is Qx 110 - 4Px. What is value (point) versatility at $5? [A:]Elasticity is given by the equation: Flexibility (rate change in Z)/(rate change in Y) We perceived how to ascertain different versatilities when were given numerical models. Be that as it may, how would we compute a versatility when were given an equation, for example, Z f(X)? Use Calculus to Find the Elasticity! Utilizing some genuinely essential math, we can show that (rate change in Z)/(rate change in Y) (dZ/dY)*(Y/Z) where dZ/dY is the incomplete subsidiary of Z regarding Y. Therefore we can figure any flexibility through the equation: Versatility of Z as for Y (dZ/dY)*(Y/Z) Well gander at how to apply this to four unique circumstances: Utilizing Calculus To Calculate Price Elasticity of DemandUsing Calculus To Calculate Income Elasticity of DemandUsing Calculus To Calculate Cross-Price Elasticity of DemandUsing Calculus To Calculate Price Elasticity of Supply Next: Using Calculus To Calculate Price Elasticity of Demand