Answered: A good's demand is given by: P = 780 -…

A good's demand is given by: P = 780 - 2Q. At P = 31, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A good's demand is given by: P = 780 - 2Q. At P = 31, the point price elasticity is:
Enter as a value (ROUND TO TWO DECIMAL PLACES).

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