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Question 24 (15 points) (Upload or type in your answer). The weekly demand for a video game is given by P = 80 - (1/10)
Question 24 (15 points) (Upload or type in your answer). The weekly demand for a video game is given by P = 80 - (1/10) Q. Currently, the company that made the game charges $20 per game. A) What is the price elasticity of demand when the price is $20? Show your work. B) If the company wants to maximize revenue, what price should it charge? Explain your answer. C) How much weekly revenue does the firm generate at the price you have chosen in part B
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