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Use the price-demand equation p +0.004x = 60, 0?p?60. Find the elasticity of demand when...

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Use the price-demand equation p +0.004x = 60, 0?p?60. Find the elasticity of demand when p = $24. If the $24 price is decreased by 3%, what is the approximate percentage change in demand?The elasticity of demand when p = 24 is 2/3.(Type an integer or a simplified fraction.)If the price is decreased by 3%, the demand approximately %.

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