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Use the price-demand equation p+0.005x = 40, 0 p 40. Find the elasticity of demand when p = $15. If the $15 price is

Use the price-demand equation p+0.005x = 40, 0 p 40. Find the elasticity of demand when p = $15. If the $15 price is decreased by 5%, what is the approximate percentage change in demand? The elasticity of demand when p = 15 is (Type an integer or a simplified fraction.)

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