A good's demand is given by: P = 542 2Q. At P = 168, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES).

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Elasticity
Section: Chapter Questions
Problem 3QP: Prove that price elasticity of demand is not the same as the slope of a demand curve.
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A good's demand is given by: P = 542 2Q. At P = 168, the point price elasticity is:
Enter as a value (ROUND TO TWO DECIMAL PLACES).
Transcribed Image Text:A good's demand is given by: P = 542 2Q. At P = 168, the point price elasticity is: Enter as a value (ROUND TO TWO DECIMAL PLACES).
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