Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Elasticity of Demand
Differentiation
Algebra

Formulas

Elasticity Coefficient: E = |(dq/dp) * (p/q)|
Demand Function: p = 4400 / (q + 3)
Differentiation: dq/dp

Theorems

Price Elasticity of Demand Formula

Suitable Grade Level

Grades 11-12 (Advanced Economics or Calculus Level)