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(Solved): Given the demand function \( q=375-4 p \), calculate the elasticity of demand when \( p=56 \). A. \ ...
Given the demand function \( q=375-4 p \), calculate the elasticity of demand when \( p=56 \). A. \( 1.48 \) B. \( 0.37 \) C. \( 2.7 \) D. \( 0.68 \)
Given the demand function \( q=777-4 p \), determine the price where demand has unit elasticity. A. \( p=97.13 \) B. \( p=48.57 \) C. \( p=55.74 \) D. \( p=27.87 \)