Calculate the point price elasticity of demand at a price

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Reference no: EM131893505

The South Park DVD (season three) has been a slow seller during recent months. An analysis of monthly demand shows:

Q = 5,000 - 160P

where Q is DVD sales and P is price.

A. How many DVDs could be sold at a $25 price?

B. Calculate the point price elasticity of demand at a price of $25.

Reference no: EM131893505

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