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QUESTION
The monopolist faces the demand curve: P = 10 - 2Q, what is the price elasticity of demand at Q=2?
The monopolist faces the demand curve: P = 10 – 2Q, what is the price elasticity of demand at Q=2?
:−ℎ = 10 − 2ℎ= −2ℎ= = =>ℎ = 10 − 2 (−2) −20 + 4 =2= −20 + 812= −−= −622| | = |−6| = 6 > 1 => ℎ ℎ ℎ ℎ .