Question: 16 Consider the demand equation r = 8 + where p represents the price in dollars p and x the number of units. Determine the

16 Consider the demand equation r = 8 + where p

represents the price in dollars p and x the number of units.

16 Consider the demand equation r = 8 + where p represents the price in dollars p and x the number of units. Determine the elasticity of demand when p = $2. O O O

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