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Cybergrahics estimates that the inverse demand for its product given by the by the following equation: P=600 - 0.01 where P represents the per-unit price
Cybergrahics estimates that the inverse demand for its product given by the by the following equation:
P=600 - 0.01 where P represents the per-unit price of good (in dollars) and Q is the number of units sold, What is the own-price elasticity of demand for this product when the price equal $400?
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