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QUES.UQN-2125 marks] a) Calculate and interpret the elasticity of demand for each of the following demand functions at point where price is N$12: b)

QUES.UQN-2125 marks] a) Calculate and interpret the elasticity of demand for each of the following demand functions at point where price is N$12: b) (5 marks) p 65 - 0.4Q (5 marks) ap + 74 (5 marks) Q=60-O.5P (5 marks) 5P = 120 -3Q Is it true, as many people claim, that taxes assessed on producers are passed along to consumers?

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