Find if demand is elastic-inelastic and unit elasticity
Assume that demand equation for the certain commodity is q = 500- 2p (for 0 less than equal to p less than equal to 250) Find out where (on what intervals) demand is elastic, inelastic, and of unit elasticity with respect to price.
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Assume that demand equation for the certain commodity is q = 500- 2p (for 0 less than equal to p less than equal to 250).
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