What is the price elasticity of demand

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Reference no: EM132151255

Question: Consider a linear demand curve, Q = 120 - 4P.

a) What is the price elasticity of demand at P = 20?

b) At what price is the demand unit-elastic (i.e. elasticity = -1)?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132151255

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