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(Elasticity) Using the following demand function Q_d (P)=324+3P^2 (3 points) Calculate the point price elasticity of demand at P = 4 (3 points) Does demand f

  1. (Elasticity) Using the following demand function

                              Q_d (P)=324+3P^2

 

  1. (3 points) Calculate the point price elasticity of demand at P = 4

 

 

 

  1. (3 points) Does demand follow the law of demand at this price? EXPLAIN

 

Apr 17 2021 View more View Less

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