4. A demand curve is given by the following equation: P = -4Q + 160. i) Calculate the Total Revenue when Q = 25 and when Q = 28. ii) Calculate the price elasticity of demand between Q = 25 and Q = 28. Round decimal answers to two places. Explain why the relation between the numbers in (i) and (ii) makes sense

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4. A demand curve is given by the following equation: P = -4Q + 160.
i) Calculate the Total Revenue when Q = 25 and when Q = 28.
ii) Calculate the price elasticity of demand between Q = 25 and Q = 28. Round decimal answers to two places.
Explain why the relation between the numbers in (i) and (ii) makes sense
 
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The post 4. A demand curve is given by the following equation: P = -4Q + 160. i) Calculate the Total Revenue when Q = 25 and when Q = 28. ii) Calculate the price elasticity of demand between Q = 25 and Q = 28. Round decimal answers to two places. Explain why the relation between the numbers in (i) and (ii) makes sense appeared first on Superb Professors.

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