Question: 6) Elasticity of demand a) For the demand function q = 700-5p , find E(p). b) Determine the elasticity of demand at price p =

6) Elasticity of demand a) For the demand function q = 700-5p , find E(p). b) Determine the elasticity of demand at price p = 80. c) To increase revenue, should the price be raised or lowered

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