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For the demand function q = D(p)=305-p, find the following a) The elasticity b) The elasticity at p = 99, stating whether the demand is
For the demand function q = D(p)=305-p, find the following a) The elasticity b) The elasticity at p = 99, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p)=
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