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23. In order to have the elasticity of demand be equal to 2.5 at the point on the demand curve where Q=4 Yand P = 100, the value of b must be: ep-2.5 2.5-7dQ B) 1/5 C) 5/2 D) 2/5 F) 6/5 G) 5/9 H) 9/5 1) 4/12 J) 12/4 Ps 100 A) 8/1 E) 5/6 24
23. In order to have the elasticity of demand be equal to 2.5 at the point on the demand curve where Q=4 Yand P = 100, the value of b must be: ep-2.5 2.5-7dQ B) 1/5 C) 5/2 D) 2/5 F) 6/5 G) 5/9 H) 9/5 1) 4/12 J) 12/4 Ps 100 A) 8/1 E) 5/6 24
Keith LeannonLv2
3 Jun 2018
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Related questions
Use the following demand schedule for a monopolist to calculate total revenue and marginal revenue. For each price, indicate whether the demand is elastic, unit elastistic or inelastic. Using the data from the demand schedule,graph the demand curve, the marginal revenue curve and the total revenue curve. Identify the elastic, unit elastic and inelastic segments along the demand curve.
| Price(P) | Quantitiy demanded (Q) | Total Renenue (TR) | Marginal Revenue (MR) | Price elasticity of demand  |
| 5 | 0 | |||
| 4.5 | 1 | |||
| 4 | 2 | |||
| 3.5 | 3 | |||
| 3 | 4 | |||
| 2.5 | 5 | |||
| 2 | 6 | |||
| 1.5 | 7 | |||
| 1 | 8 | |||
| 0.5 | 9 | |||
| 0 | 10 |
