Suppose the price-demand equation for a product is f(P) = 625 - 2P². Find the elasticity of demand or price elasticity function.

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Q: > Why might your initial elasticity (PED) and (PES) calculations be unreliable?

A: The initial elasticity (PED) and (PES) calculations are unreliable.

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Q: a. P1 = 250 P2 = 300 Q1 = 500 Q2 = 400 Compute the elasticity and determine its type.

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