JonahAcuff4859 JonahAcuff4859

02-06-2023
Business

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"α= 5 and β=12
(a) Suppose a decrease in price from $100 to $5 causes an increase in Q from 1008 to 120. Calculate price elasticity of demand. (b) Given the demand equation, P = 100-1/aQ, calculate the price elasticity

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