A demand curve is given by the following equation: P= 240/Qd a) Find two points (Qd ,P) on the demand curve
A demand curve is given by the following equation: P= 240/Qd a) Find two points (Qd ,P) on the demand curve
b) Calculate the Total Revenue from each point
c) Calculate the elasticity between the two points
Explain why the relation between the numbers in (b) and (c) makes sense.
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