consider the demand curve D(p) = 10-3P. what is the elasticity of demand at price 5/3?
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Given, Demand curve D(P) = 10 – 3p , Price (P) = 5/3
ed =-bp/a-bp
(-3×5/3) / (10-3×5/3)= -5/5
ed =-1
ed =-bp/a-bp
(-3×5/3) / (10-3×5/3)= -5/5
ed =-1
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