1 suppose the demand for a product is given by qd
1. Suppose the demand for a product is given by QD = 2000 - 25P.
a) Calculate the Price Elasticity of Demand when the price is $30.
b) What price should the firm charge if it wants to maximize its revenue?
c) Over what price range is demand elastic?
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1 suppose the demand for a product is given by qd 2000 - 25pa calculate the price elasticity of demand when the price is 30b what price should the
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