At what value would entire demand curve become unit elastic, Microeconomics

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At what value would entire demand curve become unit elastic

Suppose Q = 100 - P represents your demand for a good.

a) Graphically depict this demand curve.

b) What would the point elasticity of demand be at P = 75? How about at P = 100?

c) At what price would this demand by unit elastic? Show it graphically as well.

d) If your demand changes to Q = 100 Pb, at what value of b would your entire demand curve become unit elastic? Why?

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Microeconomics: At what value would entire demand curve become unit elastic

Reference No:- TGS065025

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Microeconomics: At what value would entire demand curve become unit elastic

Reference No:- TGS065025

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