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Question - The demand function of a product is given as Q = 500-5P. Find out the point price elasticity demand:
A. Find out the point price elasticity demand when: P = Rs. 15 and Q = 200
B. What inferences do you draw from the results when the price of a commodity increases from Rs. 15 to Rs. 50, the quantity demanded remaining constant?
Within your research paper topic, discuss why you chose your topic, possible research questions you could investigate, and the availability of resources.
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