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Demand for a good has been estimated

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For each of the following statements about elasticity (price and cross price) indicate and please answer true or false PLEASE PROVIDE ALL CALCULATIONS MADE TO ARRIVE AT THE ANSWER

Demand for a good has been estimated at Q=1,998-74P where Q is units per month and P is dollars/unit; thus, the price elasticity at point P=18 dollars is -2.0 True or false and most important;y show the quantitative methods as to how you arrived at the answer.

Reference no: EM131631530

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