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1.From the demand function Qd=-4p+4700 a. Set up a demand schedule for this function and determine the price elasticity of demand at various P and

1.From the demand function Qd=-4p+4700

a. Set up a demand schedule for this function and determine the price elasticity of demand at various P and Qd combinations using point-price elasticity formula. (Make sure that all elasticity concepts are found on the same demand curve.)

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