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QUESTION
Consider the function Demand function: p=18-0.0003x Quantity demanded:
Consider the function
Demand function: p=18-0.0003x
Quantity demanded: x=30,000
Price elasticity of demand for the demand function at the indicated x value is -1
I need help using a graphing utility to graph the revenue function and identifying the intervals of elasticity and inelasticity. Please help ASAP!
