In Problems 4750, use the pricedemand equation to determine whether demand is elastic, is inelastic, or has

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In Problems 47–50, use the price–demand equation to determine whether demand is elastic, is inelastic, or has unit elasticity at the indicated values of p.

x = f(p) (A) p = 50 (C) p = 100 875p - 0.05p (B) p = 70

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