For the give demand function 10Q+5P- 40=0 and the price, P=$4 1.Find the price elasticity of the demand function at the

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For The Give Demand Function 10q 5p 40 0 And The Price P 4 1 Find The Price Elasticity Of The Demand Function At The 1 (35.6 KiB) Viewed 82 times

For the give demand function 10Q+5P- 40=0 and the price, P=$4 1.Find the price elasticity of the demand function at the indicated values of price. E= -1 2. Find the absolute value of price elasticity. IEI= 1 3. Is it: Celastic Cinelastic unitary elasticity✔ 4. A 1% increase in price will cause 2 * % decrease✔ in quantity of demand. 5. A 12% decrease in price will cause 0.2 * % decrease in quantity of demand. increase increase✔