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Suppose the demand for a product is given by Q D = 100 - (1/2)P. Calculate the Price Elasticity of Demand when the price is

Suppose the demand for a product is given by Q_D= 100 - (1/2)P.

Calculate the Price Elasticity of Demand when the price is $50.

What price should the firm charge if it wants to maximize its revenue?

Over what price range is demand elastic?

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