For demand function P=24-6Q, demandMultiple ChoiceOis unit elastic at price 16.is unit elastic at price 12is unit elastic at price 9.has unitary elasticity at all points on the function.

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Economics

For demand function P=24-6Q, demand

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

For demand function P=24-6Q, demand
Multiple Choice
O
is unit elastic at price 16.
is unit elastic at price 12
is unit elastic at price 9.
has unitary elasticity at all points on the function.

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