false
Small Michael Cho

Budget: $15

Solved!

A firms demand curve is Q=420-3P. Find price elasticity if price is $70.00

Answer

Small Tutor Farzad Farzanegan

Q=420-3($70)=210 units PED=[P/Q][slope of Q]=[$70/210 units][3]= 1Q=420-3($70)=21...