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The demand function is given by P= 50x x2, finc the elasticity of demand at x = 2. (A) 1.04 (B) 1.00 (C) 0.96 (D)
The demand function is given by P= 50x x2, finc the elasticity of demand at x = 2.
(A) 1.04 (B) 1.00
(C) 0.96 (D) 0.10
choose the correct option and Explain it with formula.
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
