Question: 5. The demand function is given by: Q: Y e' '01P. a) If Y = 800, calculate the value of P for which the demand

5. The demand function is given by: Q: Y e' \"'01P. a) If Y = 800, calculate the value of P for which the demand is unit elastic. b] If Y = 800. find the price elasticity of the demand at current price of 150. c) Estimate the percentage change in demand when the price increases by 4% from current level of 150 and Y = 800

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