Q1/ If you have the following demand function: SP-3PX+2Y Px=2 100 = Y, answer the following P=8 2- The value of the price elasticity of demand is

ENGR.ECONOMIC ANALYSIS
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Q1/ If you have the following demand function:
Px=2
100 = Y, answer the following
P=8
2- The value of the price elasticity of demand is
Ed=0.0102 O
Ed=0.0104
Ed=0.120
Qd=200-0.5P-3PX+2Y
Transcribed Image Text:Q1/ If you have the following demand function: Px=2 100 = Y, answer the following P=8 2- The value of the price elasticity of demand is Ed=0.0102 O Ed=0.0104 Ed=0.120 Qd=200-0.5P-3PX+2Y
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