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Business, 21.06.2021 20:30 jynaepooh

The demand for personal computers has been estimated to be Q = 500,000 – 700P +200I - 500S. Assume that per capita income I is $13,000 and the average price ofsoftware S is $400.When the price of personal computers is P = $3,000, the priceelasticity of demand is:.a. –2.625b. –7.0c. –1.0d. –21.0e. –4.25

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The demand for personal computers has been estimated to be Q = 500,000 – 700P +200I - 500S. Assume t...
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