Question: 2 For the demand function given, find E(p) and determine if demand is elastic or inelastic (or neither) at the indicated price. q=300-p; p=48 4

2 For the demand function given, find E(p) and determine if demand is elastic or inelastic (or neither) at the indicated price. q=300-p; p=48 4 E(48)= elastic 21 4 E(48) inelastic 21 OE(48) 252; elastic 1 E(48)= inelastici 252

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