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Demand for a particular good is given by the following equation: Q=25-0.5P. What is the price elasticity of demand at the point (Q=20, P=10)?Type answer
Demand for a particular good is given by the following equation: Q=25-0.5P. What is the price elasticity of demand at the point (Q=20, P=10)?Type answer in decimal form rounded to the nearest hundredth, e.g., if your answer is negative one half type -0.50, if it is negative two thirds type -0.67,if it is negative three and three quarters type -3.75.
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