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The demand curve is given by: QD = 5000 - 10 P Find: Find the price range at which demand is elastic Find the output

The demand curve is given by:

QD = 5000 - 10 P

Find:

Find the price range at which demand is elastic

Find the output range at which demand is in elastic

Find the price at which MR = Price

Using Excel, draw demand, marginal revenue and total revenue curves.

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