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The inverse demand function is p=50−0.5Q, what is the price elasticity of demand and revenue at Q=80?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The inverse demand function is p=50−0.5Q,

what is the price elasticity of demand and revenue at

Q=80?

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