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18 Mar 2019

For questions A, B, and C: The demand equation for a product is given by q= 1000- 2p2

a) Find the elasticity of demand at p = $16

b) interpret the result of your answer in "a"

c) If the price opf the product is raised 2%, what is the corresponding percentage decrease in demand? round to 2 decimal places.

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Jean Keeling
Jean KeelingLv2
18 Mar 2019

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