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Answer to Question #97749 in Macroeconomics for abd

Question #97749
A manager believes that the demand for his product is given by the equation P=50-Q⁄100.
What is the arc elasticity of demand as price decreases from Rs.12 to Rs.10?
What is the arc elasticity of demand as price increases from Rs.10 to Rs.12?
1
Expert's answer
2019-11-07T09:39:37-0500
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