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Use the Following Function for Elasticity: = -(1/s)(P/X),where S

Question 32

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Use the following function for elasticity: Use the following function for elasticity: = -(1/s)(P/X),where s is the slope of the demand curve,P is the price,and X is the quantity demanded,to find elasticity when demand is X<sub>d</sub>= 20-(1/5)P when the price of good X is 30. = -(1/s)(P/X),where s is the slope of the demand curve,P is the price,and X is the quantity demanded,to find elasticity when demand is Xd= 20-(1/5)P when the price of good X is 30.

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blured image = -(1/-5)...

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