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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?
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?
Expert's answer
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