Answer to Question #239102 in Macroeconomics for Lucifer 99

Question

Q= 100- 0.75P what is the price elasticity of demand if price is $50 per unit and output is 62.5. This means that if the price increases by 5​%, the quantity demanded will decrease

by

nothing

​%. ​(Enter a numeric response using a real number rounded to two

Answer 1

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