Discuss the price elasticity of demand


Determine the price elasticity of demand for the following demand functions:
1. Q = 5 - ln(P) for P=8
2.  Q = 2000 - 0.5P^3 for P=15 (0.5 multiplied by p cubed)
3.  Q = (12-P)^2 (12-P) squared
for P=10
4.  P= 2/Q for P=1 

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Macroeconomics: Discuss the price elasticity of demand
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