(See Steps) [Own Price Elasticity of Demand - I] The demand function for a product is p=60e^-0.025q Write the expression for the own price elasticity of
Question: [Own Price Elasticity of Demand - I]
The demand function for a product is
\[p=60{{e}^{-0.025q}}\]- Write the expression for the own price elasticity of demand \(\varepsilon \left( q \right)\).
- Compute the own price elasticity of demand \(\varepsilon \left( q \right)\) at q = 100.
- Interpret the answer to part (b).
Deliverable: Word Document 
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