The market demand for a gallon of Kikkamoo Joy Juice is Q = 1000 50P. The

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The market demand for a gallon of Kikkamoo Joy Juice is Q = 1000 – 50P. The owner, Grandma Yocum, wants to produce where the elasticity of demand is unity. What price should she charge and what quantity should be sold to achieve that goal?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Feb 23, 2024 04:41 AM

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The market demand for a gallon of Kikkamoo Joy Juice is Q = 1000 50P. The

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To find the price and quantity at which the elasticity of demand is unity unit elasticity we first n... View the full answer

Microeconomics

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