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Using Excel, Big Poppa's Estimates the Weekly Demand Function for Its

Question 62

Multiple Choice

Using Excel, Big Poppa's estimates the weekly demand function for its BBQ sandwiches to be Qd = 580.25 - (25.50 × P) . What is the point elasticity of demand at a price of $10?


A) 2.68
B) 0.78
C) 0.55
D) 1.57

Correct Answer:

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