Explain how many sodas will the consumer purchase

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Reference no: EM1354969

Suppose the monthly demand for soda by a consumer is given by Q= 10- 8P.

a. If the price of soda is $1 per can, explain how many sodas will the consumer purchase in a typical month?

b. Illustrate what is the elasticity of demand for soda?

Reference no: EM1354969

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