Calculate the point elasticity of demand at price

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Reference no: EM131169279

Suppose the demand function for a particular good is given by: Q=100-2P.

A) Calculate the point elasticity of demand at price of $10, $30, and $45.

B) At what price and quantity is total revenue maximized? What is total revenue equal to at this quantity? Show that total revenue is lower at the three quantities inplied in part A.

Please help me with drawing a graph.

Reference no: EM131169279

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