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Suppose that the demand curve is Q = 60-3P Calculate the elasticity of demand between P = 10 and P = 12. Use the midpoint

Suppose that the demand curve is Q = 60-3P

  1. Calculate the elasticity of demand between P = 10 and P = 12. Use the midpoint formula.
  2. Calculate the elasticity of demand at P = 15. Use the point formula. Show your work.

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