document.write( "Question 1121407: if the demand function of a commodity is P=70-0.5Q\r
\n" ); document.write( "\n" ); document.write( "Where P and Q are price and quantity respectively, determine the price elasticity of demand when the price decreases from R7 to R5. Indicate whether the demand is elastic or not.
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Algebra.Com's Answer #737320 by solver91311(24713)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "This is a Math website and an inappropriate forum for your Economics question.
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\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it
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