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52. Suppose the demand for baby shoes in a small town is described by the following equation: Q = 502P where Q is the

52. Suppose the demand for baby shoes in a small town is described by the following equation: Q = 502P where Q is the quantity of baby shoes demanded and P is the average price of a pair of baby shoes. a. What is the price elasticity of demand for baby shoes when the price is $15? Use calculus to show the answer. b. What is the price elasticity of demand for baby shoes when the price is $10? Use calculus to show the answer.

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