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    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 4: Subtleties of the Supply and Demand Model: Price Floors,price Ceilings,and Elasticity
  5. Question
    Suppose Demand Is a Straight Line as Follows: Q<sub>d</sub> =
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Suppose Demand Is a Straight Line as Follows: Qd =

Question 87

Question 87

Essay

Suppose demand is a straight line as follows: Qd = 100 - 2P.Calculate the price elasticity of demand between the prices of $41 and $43.

Correct Answer:

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100 - 2(41)= 18 = Q<...

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