Estimate of linear demand at the current price

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A mining company is interested in obtaining the demand curve for coal. The firm's research department informs you the price elasticity of demand is -0.68, and the current price and quantity are $41 and 1,206 respectively. Price is measured in dollars per ton, quantity in tons per week. Your estimate of a linear demand at the current price and quantity is closest to

Reference no: EM131092428

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