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Question 1 (0.2 points): For each of the following demand curves, calculate the price elasticity of demand and the income elasticity of demand. a) O=800-4P

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Question 1 (0.2 points): For each of the following demand curves, calculate the price elasticity of demand and the income elasticity of demand. a) O=800-4P +21 b) mo =2.5-.65MP +.951

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