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# Answer on Economics of Enterprise Question for marvi

Question #38628
Demand for a softback managerial economics texr is given by Q=20,000-300R
The book is initially priced at $30 a. Compute the point price elasticity at demand at P=$30
b. If the objective is to increase total revenue should the price be increased or decreased? Explain
c. Compute the are price elasticity for a price decrease from $30 to$20
d. Compute the are price elasticity for a price decrease from $20 to$15

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