Mathematics, 26.03.2020 01:56 toot3715

A country that is the major supplier of a certain commodity wishes to improve its balance of trade position by lowering the price of the commodity. The demand function is q=3000/p^4 a) compute E(p) b) Will the country succeed in raising its revenue?

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A country that is the major supplier of a certain commodity wishes to improve its balance of trade p...