Question: 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

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 = 300 - 2p
(a) p = +100

(b) p = +50

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