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The British Automobile Company

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Question

The British Automobile Company is introducing a brand new model called the "London Special". Using the latest forecasting techniques, BAC economists have developed the following demand function for the "London Special;QD = 1,200,000 - 40P;Calculate the price elasticity of demand between the price range of $25,000 and $27,000?

 

Paper#28001 | Written in 18-Jul-2015

Price : $22
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