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The maiketing department of Acme inc, has estimated the following dernand function tor its popular carpet deodorizer, Freshbreeze: Q=502.4, where Q is the quartity of an 8 oz box sold (in thousand units) and p the price of an 8 oz. box. Using Excel, calculate the point price elasticity of demand, , tor price, p=1,2,3,19 and answer the followng questions: What is the point price clasticity of demand,, , for P=$3 ? 35 What is the point price elasticity of demand, , tor P-55? What is the point price elasticity of demand, c, for P=$T ? What is the pont price elasticity of demand, c, for P=$97 What is the point pice elasticily of demand, c, for P=$11 ? What is the patien of price olasticity (in absoluse value) of demand when poce incteases? (increasing, decreasing, stay the same).

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The maiketing department of Acme inc, has estimated the following dernand function tor its popular carpet deodorizer, Freshbreeze: Q=502.4, where Q is the quartity of an 8 oz box sold (in thousand units) and p the price of an 8 oz. box. Using Excel, calculate the point price elasticity of demand, , tor price, p=1,2,3,19 and answer the followng questions: What is the point price clasticity of demand,, , for P=$3 ? 35 What is the point price elasticity of demand, , tor P-55? What is the point price elasticity of demand, c, for P=$T ? What is the pont price elasticity of demand, c, for P=$97 What is the point pice elasticily of demand, c, for P=$11 ? What is the patien of price olasticity (in absoluse value) of demand when poce incteases? (increasing, decreasing, stay the same)

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The maiketing department of Acme inc, has estimated the following der.pdf

  • 1. The maiketing department of Acme inc, has estimated the following dernand function tor its popular carpet deodorizer, Freshbreeze: Q=502.4, where Q is the quartity of an 8 oz box sold (in thousand units) and p the price of an 8 oz. box. Using Excel, calculate the point price elasticity of demand, , tor price, p=1,2,3,19 and answer the followng questions: What is the point price clasticity of demand,, , for P=$3 ? 35 What is the point price elasticity of demand, , tor P-55? What is the point price elasticity of demand, c, for P=$T ? What is the pont price elasticity of demand, c, for P=$97 What is the point pice elasticily of demand, c, for P=$11 ? What is the patien of price olasticity (in absoluse value) of demand when poce incteases? (increasing, decreasing, stay the same)