Question: A demand function is given by the equation Q = 112 - 4P. Suppose the price is P = 24. At this price, find the

A demand function is given by the equation Q = 112 - 4P.

Suppose the price is P = 24.

At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Round your answer to the nearest tenth.

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