Question: The demand for a product is Qd = A - BP, where P is its price and A and Bare positive numbers. Suppose that when

The demand for a product is Qd = A - BP, where P is its price and A and Bare positive numbers. Suppose that when the price is $1 the amount demanded is 60 and the elasticity of demand is -1. What are the values of A and B?

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