Question: Suppose the demand for a product is given by ( D(p)=-4 p+250). A) Calculate the elasticity of demand at a price of ($ 47).(Give your
Suppose the demand for a product is given by \( D(p)=-4 p+250\). A) Calculate the elasticity of demand at a price of \(\$ 47\).(Give your answer to three decimal places.) Elasticity = B) At what price do you have unit elasticity? (Round your answer to the nearest penny.) Price \(=\$ \)
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