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Numerical Question: A firm's demand function is given by Qd=60-2P, supply is given by Qs = 20+2P. What is the absolute value of its elasticity
Numerical Question: A firm's demand function is given by Qd=60-2P, supply is given by Qs = 20+2P. What is the absolute value of its elasticity of demand at equilibrium? (Please keep one decimal places)
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