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Use theprice-demand equation below to findE(p), the elasticity of demand. X=F(p)=40,000-650p Please explain step by step how to solve it. Also how to replace the

Use theprice-demand equation below to findE(p), the elasticity of demand.

X=F(p)=40,000-650p

Please explain step by step how to solve it.

Also how to replace the numbers in the formula pf'(p)/f(p)

Thanks in advance

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