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Given the following demand function, calculate the elasticity of demand and determine whether demand is elastic, inelastic or unit elastic: Q = V2500-P where P

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Given the following demand function, calculate the elasticity of demand and determine whether demand is elastic, inelastic or unit elastic: Q = V2500-P where P = $5 a. 0.01, demand is elastic Ob. -0.01, demand is inelastic OC -0.10, demand is inelastic od 0.10, demand is elastic

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