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The demand for a product is D(x)=500-.4x where x is the price in dollars. A) Find the elasticity B) At a price of $150, what

The demand for a product is D(x)=500-.4x where x is the price in dollars.

A) Find the elasticity

B) At a price of $150, what is the value of the elasticity of demand and explain whether it is it elastic or inelastic?

C) Determine the prices for which the demand is elastic.

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