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Given the demand function D ( p ) = 2 0 0 - 3 p 2 , Find the Elasticity of Demand at a price
Given the demand function
Find the Elasticity of Demand at a price of $
At this price, we would say the demand is:
Inelastic
Elastic
Unitary
Based on this, to increase revenue we should:
Lower Prices
Keep Prices Unchanged
Raise Prices
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