Question: The linear demand curve for a certain product is Quantity = 20,000 - 912 * Price. Calculate price elasticity of demand for this demand curve,
The linear demand curve for a certain product is Quantity = 20,000 - 912 * Price. Calculate price elasticity of demand for this demand curve, at the point where Price = $15.51. Rounding: two decimal places. Remember the sign--elasticity is always negative.
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