If the inverse demand function is p = 500 10Q, what is the elasticity of demand

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If the inverse demand function is p = 500 – 10Q, what is the elasticity of demand and revenue at Q = 10?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:34 AM

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If the inverse demand function is p = 500 10Q, what is the elasticity of demand

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The elasticity of demand is the percentage change in quantity di...View the full answer

Managerial Economics and Strategy

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