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Business, 18.06.2021 02:40 Naikayah

The demand for space heaters is Q = 250 – P + 2COOL, where COOL is the absolute value of the difference between the average overnight low temperature and 40°F. Assume that the average overnight low this month is 40°F. When the price of space heaters is P = $50, the price elasticity of demand is:

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The demand for space heaters is Q = 250 – P + 2COOL, where COOL is the absolute value of the differe...
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