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2_1. Harding Enterprises has developed a new product called the Gillooly Shillelagh.
The
market demand for this product is given as follows:
Q = 240  4P
a. At what price is the price elasticity of demand equal
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Unformatted text preview: to zero? b. At what price is demand infinitely elastic? c. At what price is the price elasticity of demand equal to one? d. If the shillelagh is priced at $40, what is the point price elasticity of demand?...
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This note was uploaded on 12/28/2009 for the course ECON 120 taught by Professor Walsh during the Fall '09 term at University of Illinois, Urbana Champaign.
 Fall '09
 Walsh
 Price Elasticity

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