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Solve clearly Suppose that the demand for a good was given by: QD = 10 -2P. If the price of the good is $2.50 then

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Suppose that the demand for a good was given by: QD = 10 -2P. If the price of the good is $2.50 then the own-price elasticity of demand is -2 x and would be considered to fall into the category Elastic X

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