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The demand function for a given type of product p=30-2Q.find the point price elasticity of demand when the price is 6 interpret your answer

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 10P: If the midpoint on a straight-line demand curve is at a price of $7, what can we say about the...

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