Question: The inverse demand function for a product is defined as: Px=0.5Qx+4. what is the slope and the midpoint elasticity of demand respectively? Hint: to calculate

The inverse demand function for a product is defined as: Px=0.5Qx+4. what is the slope and the midpoint elasticity of demand respectively? Hint: to calculate draw a table or draw the demand curve. 0.5,0.6 0.5,0.5 0.5,+0.6 0.5,+0.5

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