Less elastic and estimating price elasticity of demand

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Suppose Betty's demand for physician visits is Q = 10 - (0.20 * P)

a. Draw Betty's demand curve

b. What is the quantity demanded at a price of $10 per visit?  $25 per visit?

c. At what price will she buy four visits? Eight visits?

d. What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?

Reference no: EM1312351

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