(Answered) A demand function is given by the equation q 96 -

Economics

A demand function is given by the equation Q = 96 - 4P.

Suppose the price is P = 5.

At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Hint: You'll have to find the quantity at this price as well. Round your answer to the nearest tenth.

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