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given the demand function asP=30000.4Q P=3000 - 0.4Q a) determine the coefficient of point elasticity of demand when i) p=1800ii)p=1500 b) if the price increase

given the demand function asP=30000.4Q

P=3000 - 0.4Q

a) determine the coefficient of point elasticity of demand when

i) p=1800ii)p=1500

b) if the price increase by 15%, calculate the percentage change at

i) p=1800ii) p=1500

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