Cybergraphics estimates that the inverse demand for its product is given by the following equation: P =

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Cybergraphics estimates that the inverse demand for its product is given by the following equation: P = 450 - 0.0125Q (or Q = 36,000 - 80P)where P represents the per unit price of the 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 equals $325?

Posted Date: Jul 03, 2024 02:22 PM

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Cybergraphics estimates that the inverse demand for its product is given by the following equation: P =

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