Show that with a linear demand curve q-a-bp, e-p/[(a/b)-pl;e=-1 when pa/2b, the midpoint of the demand curve.

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Principles Of Microeconomics

ISBN: 9780812224177

1st Edition

Authors: Eugene Silberberg And Gregory Ellis

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Question Posted: Nov 08, 2024 07:00 AM

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Show that with a linear demand curve q-a-bp, e-p/[(a/b)-pl;e=-1 when pa/2b, the midpoint of the demand curve.
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Show that with a linear demand curve q-a-bp, e-p/[(a/b)-pl;e=-1 when pa/2b, the midpoint of the demand curve.

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Principles Of Microeconomics

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