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Given a demand curve of P = 112 - 9Qd and supply of P = 2 + 5Qs, find the price elasticity of demand at equilibrium

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given a demand curve of P = 112 - 9Qd and supply of P = 2 + 5Qs, find the price elasticity of demand at equilibrium.

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