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Calculate the point elasticity of demand

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Reference no: EM13293292

Calculate the point elasticity of demand for a drug when the average income in the community equals 50,000 and price of the drug is 400 demand function is q=40-.8(p)+.02(y)

Reference no: EM13293292

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Calculate the point elasticity of demand : Calculate the point elasticity of demand for a drug when the average income in the community equals 50,000 and price of the drug is 400 demand function
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