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You've estimated the market demand curve for the spice market as P=184 - 2Q. What is elasticity of demand for spice at P=49 in absolute terms? Enter a number only

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You've estimated the market demand curve for the spice market as P=184 - 2Q. What is elasticity of demand for spice at P=49 in absolute terms? Enter a number only.

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