At what price will demand for product be unitary elastic, Managerial Economics

Suppose you have estimated the following demand function for the product you sell:

Q = 5 - 0.2P

At what price will the demand for your product be unitary elastic?

(Hint: Begin by recalling the relationship between MR and elasticity.)

Posted Date: 4/1/2013 5:50:23 AM | Location : United States







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