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Use the price-demand equation p plus 0.005 x equals 48, 0 less than or equals p less than or equals 48. Find the elasticity of
Use the price-demand equation p plus 0.005 x equals 48, 0 less than or equals p less than or equals 48. Find the elasticity of demand when pequals$18. If the $18 price is decreased by 5%, what is the approximate percentage change in demand
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
