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Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
A. How man units with be demanded between $10, and 20? Between $20 and 30?
B. What is the arc price elasticity of demand $10, and 20? Between $20 and 30?
C. What is the point price elasticity of demand at $10, 20, and 30?
D. Number of units sold 4,250 estimate the average price per unit?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9477902

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