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OpenStudy (anonymous):
Given the demand function for a type of book is q = 40 – 2p where q is the number of books sold per week at a price p. E=2p/(40-2p) What is the revenue for the price obtained when E = 1?
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OpenStudy (anonymous):
I have made it to 1=2p/(40-2p) but then I get lost on how to continue.
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