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The demand function for Product X is: Qx = 13 - 4Px. At the point on the curve where price is $12, and quantity is
The demand function for Product X is:
Qx = 13 - 4Px.
At the point on the curve where price is $12, and quantity is 15 determine the own price elasticity for the good.
Group of answer choices
-0.80
-3.20
-1.25
1.25
-5.00
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