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2 2 points Elasticity 18 16 14 12 10 Price 10 15 Quantity - Curve 2 - Curve 2 Calculate the elasticity of demand for

2 2 points Elasticity 18 16 14 12 10 Price 10 15 Quantity - Curve 2 - Curve 2 Calculate the elasticity of demand for Curve 1 at P=6 using the formula E = (P/Q) x (1/slope) 2 2.4 0.6 3

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