Question: 7.5 Price Quantity per period For this linear demand, show that the price elasticity of demand at any given point (say, point E) is given

7.5 Price Quantity per period For this linear demand, show that the price elasticity of demand at any given point (say, point E) is given by minus the ratio of distance Xto distance Fin the figure. How might you apply this result to a nonlinear demand curve?

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