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Question 7 The demand function for a product is given by D(p) - 150 -p. Find the Elasticity of Demand at a price of $14.

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Question 7 The demand function for a product is given by D(p) - 150 -p. Find the Elasticity of Demand at a price of $14. Give your answer to three decimal places. 27 E(14) = At this price, we would say the demand is: es O Unitary Inelastic O Elastic Based on this, to increase revenue we should: O Keep Prices Unchanged Lower Prices Raise Prices

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