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6. Given the price-demand equation p+0.08x=60, determine E(p), the elasticity of demand, then find the following: a) Find the elasticity of demand when p=$54. E(54)=

6. Given the price-demand equation p+0.08x=60, determine E(p), the elasticity of demand, then find the following: a) Find the elasticity of demand when p=$54. E(54)= b) If the price is increased by 12%, find the approximate decrease in demand

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