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QUESTION
A manufacturer of infant clothes has found that the demand for its product is given by Q = 100P-1.5, where P is price and A is advertising...
A manufacturer of infant clothes has found that the demand for its product isgiven by Q = 100P–1.25A0.5, where P is price and A is advertising expenditures.The price elasticity of demand for these infant clothes is: [we did not go over thisin class!]a. -0.8b. -1.25c. -1.0d. -2.5e. -0.5
