Suppose that the inverse demand curve for a dinner-for-two special at a small local restaurant can be

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Suppose that the inverse demand curve for a dinner-for-two special at a small local restaurant can be expressed as P = 4,900 – 3QD2, where price is expressed in dollars and quantity in number of specials. What is the price elasticity of demand when 40 specials are purchased?
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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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