Suppose that the U.S. demand for maple syrup, in thousands of gallons per year, is Qd =

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Suppose that the U.S. demand for maple syrup, in thousands of gallons per year, is Qd = 6000 - 30P, where P is the price per gallon. What is the elasticity of demand at a price of $75 per gallon?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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