if dp/p=dq/q
then would this be mathematically sound:
?dp/p = ?dq/q
ln(p)=ln(q)+C
ln(p)-ln(q)=C
ln(p/q)=C
e^ln(p/q)=e^C
p/q=C
I asked my economics 101 professor about this because I was bored about the actual material, and he said it was wrong. What do you think?
I was bored to tears, and I saw this equation, so I started messing around with it.
This equation is supposed to represent the elasticity when it equals one, whatever that means...
then would this be mathematically sound:
?dp/p = ?dq/q
ln(p)=ln(q)+C
ln(p)-ln(q)=C
ln(p/q)=C
e^ln(p/q)=e^C
p/q=C
I asked my economics 101 professor about this because I was bored about the actual material, and he said it was wrong. What do you think?
I was bored to tears, and I saw this equation, so I started messing around with it.
This equation is supposed to represent the elasticity when it equals one, whatever that means...