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Use the Price-Demand Equation to Find the Values of P

Question 76

Multiple Choice

Use the price-demand equation to find the values of p which meet the given condition of elasticity.
-x = f(p) = 168 - 7p; determine the values of p for which demand has unit elasticity. Round to two decimal places if necessary.


A) Inelastic at p = 25.92
B) Inelastic at p = 6
C) Inelastic at p = 12.96
D) Inelastic at p = 12

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