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  1. (Elasticity) Using the following demand function

                              Q_d (P)=324+3P^2

 

  1. (3 points) Calculate the point price elasticity of demand at P = 4

 

 

 

  1. (3 points) Does demand follow the law of demand at this price? EXPLAIN

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Darryn D'Souza
Darryn D'SouzaLv10
6 Mar 2021

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  1. (Elasticity) Using the following demand function

                              Q_d (P)=20,000e^(-P)

 

  1. (3 points) Calculate the point price elasticity of demand at P = 4

 

 

 

  1. (3 points) Does demand follow the law of demand at this price? EXPLAIN
  1. (Elasticity) Using the following demand function

                 Q_d (P)=20,000e^(-P)

 

  1. (3 points) Calculate the point price elasticity of demand at P =

 

 

  1. (3 points) Does demand follow the law of demand at this price? EXPLAIN

 

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  1. (3 points) Does demand follow the law of demand at this price? EXPLAIN

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