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Elasticity of Demand (Compare Exercise 23.) Demand for the latest best-seller at OHaganBooks.com, A River Burns through It, is given by
a. Find the price elasticity of demand as a function of p.
b. Find the elasticity of demand for this book at a price of $20 and at a price of $25. (Round your answers to two decimal places.) Interpret the answers.
c. What price should the company charge to obtain the largest revenue?
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