The demand curve for a product is estimated to be given by


The demand curve for a product is estimated to be given by the expression: q = 200 − π Calculate the price and the price elasticity of the demand for the following values of the demand: 0, 50, 100, 150 and 200. Repeat these calculations for the case in which the demand curve is given by the expression: q = 10 000 π

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Business Economics: The demand curve for a product is estimated to be given by
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