Q = 250 5Q I am having trouble figuring out what is the elasticity of demand when demand is equal to 40? | Cheap Nursing Papers
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Q = 250 5Q I am having trouble figuring out what is the elasticity of demand when demand is equal to 40?

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Q = 250 − 5Q

I am having trouble figuring out what is the elasticity of demand when demand is equal to 40? and why we use elasticity measures rather than just the slope of a demand curve to talk about how quantity responds to price changes? Thanks!

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