What is the approximate percentage change in demand
1-The elasticity of demand for a wigit is
E(p)=2p/(500-2p)
(A) At what price is the elasticity of demand unitary (unit)?
(b) If the price increases by 3% from $100 per wigit, what is the approximate percentage change in demand?
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At what price is the elasticity of demand unitary (unit)? If the price increases by 3% from $100 per wigit, what is the approximate percentage change in demand?
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