in 2010 wonderlanders consumed 15 million liters


In 2010, Wonderlanders consumed 15 million liters of rum at an average price of $5 per liter. The Wonderland department of commerce has estimated that the price elasticity of the demand for rum is -0.4.
Derive a linear demand curve for rum of the form Q = a ? bP.

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Macroeconomics: in 2010 wonderlanders consumed 15 million liters
Reference No:- TGS0389628

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