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( Linear demand functions, while simple, are easy to interpret and have many applications. Suppose demand for pens is given by the function D(p) 71.00

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Linear demand functions, while simple, are easy to interpret and have many applications. Suppose demand for pens is given by the function D(p) 71.00 = - 1.00p. 1st attempt Part 1 (1 point) Suppose pens cost $2. What is the price elasticity of demand? Give your answer to two decimals. See Hint See Hint

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