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April 16, 2014

April 16, 2014

Posted by **Sally** on Tuesday, September 18, 2012 at 11:09pm.

Demand for cookies (Q) is given as follows:

Q = 180/Pc + I/Pd + 3

Pc = price of cookies

I = income

Pd = price of donuts

Note: Q=28, Pc=10, Pd=7

Given the above information what is the price elasticity of demand at Q=28?

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