Exam (elaborations)
Tutorial letter 101/3/2018 Quantitative Modelling 1 DSC1520 Semesters 1 and 2
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Question 1 Find the slope of the line represented by the equation 0 = 6 + 3x − 2y. [1] 2 3 [2] 3 2 [3] 3 [4] 2 [5] None of the above. Question 2 Consider the demand function P = 100 − 5Q, with P being price and Q quantity. Find the price elasticity of demand when Q = 8. Is demand e...
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