Question: Suppose that the demand function for a product takes the form Qd = (A - BP)D where A, B, and Dare positive numbers. Derive a

Suppose that the demand function for a product takes the form Qd = (A - BP)D where A, B, and Dare positive numbers. Derive a formula for the elasticity of demand as a function of the price. (Your formula can have A, B, and Din it.) At what price is consumers' total expenditure the largest?

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