A software entertainment company recently ran a holiday sale on its popular software program, Using...
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A software entertainment company recently ran a holiday sale on its popular software program, Using data collected from the sale, it is possible to estimate the demand corresponding to various discounts in the price of the software Assuming that the onginal price was $38, the demand for the software can be estimated by the function q 3,371,000p 2789 where p is the price and g is the demand. Calculate and interpret the elasticity of demandWhat formula should be used to compute the elasticity of demand E, it g is demand at a price p?A. E= p/dp. q/dqB. E=-p/q , dq/dpC. E= p.dqD. E= q.dp
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