ralucacoriciuc3949 ralucacoriciuc3949
  • 18-01-2018
  • Business
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Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?

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W0lf93
W0lf93 W0lf93
  • 30-01-2018
I believe the answer to this question is: the price elasticity of demand is 60. q = 80 - 0.5(40) is the equation I used. Half of 40 is 20, and 80 minus 20 is 60.
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