For problems 1 – 4: The Dolan Corporation, a maker of small engines, determines that in 2019 the demand curve for its product is   P = 2,000 - 50Q   where P is the price (in dollars) of an engine and Q is the number of engines sold per month.   At what price, if any, will the demand for Dolan’s engines be of unitary elasticity?   a. $500   b. $1000   c. $250   d. $750

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Q: For problems 1 – 4: The Dolan Corporation, a maker of small engines, determines that in 2019 the…

A: Solution-

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