Consider a linear demand curve q 120 - 4p what is the


Question: Consider a linear demand curve, Q = 120 - 4P.

a) What is the price elasticity of demand at P = 20?

b) At what price is the demand unit-elastic (i.e. elasticity = -1)?

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Microeconomics: Consider a linear demand curve q 120 - 4p what is the
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