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Find the quantity that consumers will purchase at this price

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Reference no: EM131234919

A demand function is given by the equation Q = 330- 3P

Suppose the price is P=55.

You must find three things. First, find the quantity that consumers will purchase at this price. next, find find the total revenue (TR) the firm will receive when selling at this combination. next find the price elasticity of demand at this point. USE THE Point Slope Method to find this Elasticity!

Reference no: EM131234919

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