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b. Suppose demand is given by the equation: QD = 50 - 5P. . What is the price elasticity of demand between $1 and $27

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b. Suppose demand is given by the equation: QD = 50 - 5P. . What is the price elasticity of demand between $1 and $27 -0.18 T et Aottt/ SRS s s ii. What is the price elasticity of demand between $7 and $8? iii. At what price will total revenue be maximized? c. Suppose demand is given by the equation: QD = 80/P. i. What is the price elasticity of demand between $1 and $2? ii. What is the price elasticity of demand between $2 and $4? iii. At what point along this demand curve will total revenue be maximized

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