Suppose the demand for a product is given by D(p) = -7p + 217. A) Calculate the elasticity of demand at a price of $22.
Suppose the demand for a product is given by D(p) = -7p + 217. A) Calculate the elasticity of demand at a price of $22. Elasticity = (Round to three decimal places.) B) At what price do you have unit elasticity? (Round your answer to the nearest penny. ) Price = 5
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