Suppose the demand equation is: Q = 80 - 1.25p. What is the price elasticity of demand if the price is $40 per unit and output is 30 units? The price elasticity of demand is . (Enter a numeric response using a real number rounded to two decimal places.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose the demand equation is:
Q = 80 – 1.25p.
What is the price elasticity of demand if the price is $40 per unit and output is 30 units?
The price elasticity of demand is
(Enter a numeric response using a real number rounded to two decimal places.)
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Transcribed Image Text:Suppose the demand equation is: Q = 80 – 1.25p. What is the price elasticity of demand if the price is $40 per unit and output is 30 units? The price elasticity of demand is (Enter a numeric response using a real number rounded to two decimal places.) étv 2 Help Me Solve ie EAV लानग ा ा MacBook Air DI DD 80 esc F9 F10 F4 F5 F6 F7 F8 F3 F1 @ $ % & 1 2 3 4 5 7 8. Q W E T Y P tab H K この * 00 R * : -
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