Question: A recent study estimated that the short-run demand for residential electricity in Switzerland during off-peak hours is Q = 6204 -47P, where Q is quantity

A recent study estimated that the short-run demand for residential electricity in Switzerland during off-peak hours is Q = 6204 -47P, where Q is quantity in kWh and P is price in Swiss Francs. a) Calculate the (exact) demand elasticity if the off-peak price of electricity is 22

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