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Price elasticity of demand

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Reference no: EM131853140

The demand for a product is Qd=A-BP, where P is its price and A and B are positive numbers. Suppose that when the price is $35 the amount demanded is 224 and the price elasticity of demand is -5.

What is the value of A?

What is the value of B?

What price will maximize revenue ?

Reference no: EM131853140

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