Find the elasticity of demand (E) for the given demand function at the indicated values of p.
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Find the elasticity of demand (E) for the given demand function at the indicated values of p. Is the demand elastic, inelastic, or neither at the indicated values? Interpret your results.
q = 400 - 0.2p2
(a) p = +20
(b) p = +40
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a If p 20 Since E 1 demand is inelastic This indicates ...View the full answer
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