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The market demand curve for Badger jerseys is given by QD = 10 - P . At which output level is this market demand INELASTIC?
The market demand curve for Badger jerseys is given by QD = 10 - P . At which output level is this market demand INELASTIC?
a. Q = 8 jerseys b. Q = 5 jerseys c. Q = 2 jerseys
d. Cannot tell without knowing marginal cost
Thank you!
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