Question: Suppose the linear demand function for a good is given by the equation Qd = 120 - 2 P Given this function, the price elasticity

Suppose the linear demand function for a good is given by the equation

  • Qd= 120 - 2P

Given this function, the price elasticity of demand at $40 is........ , the price elasticity of demand at $30 is.............

and the price elasticity of of demand at $20 is......... The price that maximises expenditures on the good is $..........

.

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