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I need assistance with these questions to add it in my notes 1. [-/2 Points] DETAILS 0/6 Submissions Used Complete the following! (3) When demand
I need assistance with these questions to add it in my notes
1. [-/2 Points] DETAILS 0/6 Submissions Used Complete the following! (3) When demand is inelastic, a change in price will produce the same change w| in demand. (b] When demand is inelastic, revenue will decrease If .Select.. V 2. [-/6 Points] DETAILS 0/6 Submissions Used Given the folowing price-demand function, find the plasticity of demand, ((p], and determine whether demand is elastic, inelastic or has unit elasticity for the following vouts of p. (Round your answers to two decimal places.) * = 50,784 - 320 [a) p = 11 Determine the demand. O elastic O Inelastic O unit elasticity (b) p = 27 Determine the demand. O elastic O inelastic O unit elasticity (c) p = 10 Determine the demand. O elastic O inelastic O unit elasticityStep by Step Solution
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