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(c) Find the elasticity of output (Q) with respect to price (P) for the following functions and state whether the functions are elastic, inelastic

(c) Find the elasticity of output (Q) with respect to price (P) for the following functions and state whether the functions are elastic, inelastic or have unit elasticity. Q = 1/14 (11) Q = -10 + 2P at P=10 (3 Marks) (4 Marks)

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