Answer to Question #38626 in Economics of Enterprise for marvi

Question #38626
A manager believes that the demand for her product is given by the equation P=50-Q/100. a. What is the are elasticity of demand as price decreases from $12 to $10? b. What is the are elasticity of demand as price increases from $10 to $12?
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Expert's answer
2014-03-03T13:12:54-0500
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