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The market demand function of a good is given by P = 50 3Q. The own price elasticity of demand is equal to one at
The market demand function of a good is given by P = 50 3Q. The own price elasticity of demand is equal to one at market price equal to 6 (A) 1.5. (B) 3. (C) 25. (D) 50. (E) 25/3.
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