a) if q1=50-p1 intersects another linear demand function q2 at p=10. elasticity of emand for q2 is
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Question:
a) if q1=50-p1 intersects another linear demand function q2 at p=10. elasticity of emand for q2 is 6 time larger than of q1 at the point .fin out demand function for q2.
b) for monopolist the demand law is p=(6-x)2 and the marginal cost is 14+x, find consumer surplus
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