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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    Suppose a Market Has the Demand Function Q<sup>d</sup>=20-0
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Suppose a Market Has the Demand Function Qd=20-0

Question 213

Question 213

Short Answer

Suppose a market has the demand function Qd=20-0.5P. At what price will total revenue be maximized?

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