Question
Your marketing research department estimates that the demand function for your product is equal to ln Qd = 7.5 - 2.0ln P. what is the
Your marketing research department estimates that the demand function for your product is equal to ln Qd = 7.5 - 2.0ln P. what is the price elasticity of demand when P=$80? is it elastic, unit elastic, or inelastic? (please show work)
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
