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5. The demand function for a product is modeled by p=1.5-0.003x.where p is the price per unit (in dollars) and x is the number of

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5. The demand function for a product is modeled by p=1.5-0.003x.where p is the price per unit (in dollars) and x is the number of units. For x = 1.000 determine whether the demand is elastic, inelastic, or of unit elasticity S Pts. Eldhus - 000025 nh in dollar

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