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upstairsatomLv1
9 Mar 2021
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(Elasticity) Using the following demand function
Q_d (P)=20,000e^(-P)
- (3 points) Calculate the point price elasticity of demand at P = 4
- (3 points) Does demand follow the law of demand at this price? EXPLAIN
- (Elasticity) Using the following demand function
Q_d (P)=20,000e^(-P)
- (3 points) Calculate the point price elasticity of demand at P = 4
- (3 points) Does demand follow the law of demand at this price? EXPLAIN
