Question: 7. (10 points) Given the demand equation 500 p = 9 +2 find the point elasticity at q = 104. Then determine whether demand is

7. (10 points) Given the demand equation 500 p = 9

+2 find the point elasticity at q = 104. Then determine whether

7. (10 points) Given the demand equation 500 p = 9 +2 find the point elasticity at q = 104. Then determine whether demand is elastic, is inelastic, or has unit elasticity

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