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A company sells x ribbon winders per year at $p per ribbonwinder. The demand function for ribbon winders is given by p = 250- 0.04x.
A company sells x ribbon winders per year at $p per ribbonwinder. The demand function for ribbon winders is given by p = 250- 0.04x. Determine the elasticity of demand when the price is $75apiece.Round your answer to the nearest hundredth.0.210.220.230.24
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