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The demand curve is: QD = 500-1/2P. a. Compute the price elasticity of demand when price is $100. b. Explain the type of elasticity

The demand curve is: QD = 500-1/2P. a. Compute the price elasticity of demand when price is $100. b. Explain the type of elasticity when price is $100. c. Compute the price elasticity of demand when price is $700. d. Find the point at which point elasticity is equal to -1.

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Absolutely the demand curve you provided QD 500 12P can be used to analyze price elasticity of demand Lets solve each part a Price Elasticity of Deman... blur-text-image

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