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May 29, 2015

Homework Help: Microecon

Posted by Dave on Wednesday, January 23, 2008 at 11:59pm.

If you are given this function: P=1000-40Q where P=price and Q=sales.....

How do you get the price elasticity of demand at a price that is $500?

At what price, if any is the price elasticity of demand equal to one?

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