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12. price elasticity calculation (point formula): Ed = (dq/dp) x (p/q) The demand function for a good is as follows: Qd = 1,820 - 12P.

12. price elasticity calculation (point formula): Ed = (dq/dp) x (p/q) The demand function for a good is as follows: Qd = 1,820 - 12P. What is the price elasticity of demand at a price of $80

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