Question: Given the demand function for graphics calculators: P=90-0.5Q. When the price is 20 the coefficient of price elasticity of demand is -0.286. Give an economic

Given the demand function for graphics calculators: P=90-0.5Q.

When the price is 20 the coefficient of price elasticity of demand is -0.286.

Give an economic interpretation of this value of the coefficient of price elasticity of demand

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