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OpenStudy (anonymous):
The number of flashlights demanded at price p, is given by q=400-〖2p〗^2 (for 0≤p≤14). a)Determine the equation for revenue. b)What is the revenue when the price is $10. c)What is the elasticity of demand when the price is $13? IS the demand elastic, inelastic or of unit elasticity when the price is $13?
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