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# Integration: The demand functions from elasticity of demand

Maths: Integral Calculus: Application of Integration in Economics and Commerce: Solved Problems with Answer, Solution, Formula

The demand functions from elasticity of demand

Elasticity of the function y = f ( x) at a point x is defined as the limiting case of ratio of the relative change in y to the relative change in x . Equation yields the demand function ŌĆśpŌĆÖ as a function of x.

The revenue function can be found out by using integration.

Example 3.25

When the Elasticity function is x / x-2 Find the function when x = 6 and y = 16.

Solution: Example 3.26

The elasticity of demand with respect to price p for a commodity is . Find demand function where price is Ōé╣5 and the demand is 70.

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12th Business Maths and Statistics : Chapter 3 : Integral Calculus - II : Integration: The demand functions from elasticity of demand | Example Solved Problems with Answer, Solution, Formula