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For each of the given cases compute point price elasticity

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For each of the following cases, calculate the point price elasticity of demand, and state whether demand is elastic, inelastic, or unit elastic. The demand curve is given by QD = 5,000 - 50PX

a. The price of the product is $50.

b. The price of the product is $75.

c. The price of the product is $25

Reference no: EM13387876

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