Answer
$E=\frac{4\times10^2-33\times10}{-2\times10^2+33\times10}=\frac{70}{130}$
The demand is quite inelastic, as $0
Work Step by Step
As the elacticity is: $E=\frac{4p^2-33p}{-2p^2+33p}$, if $p=\$10$, then $E=\frac{4\times10^2-33\times10}{-2\times10^2+33\times10}=\frac{70}{130}$ The demand is quite inelastic, as $0
