question archive In a local hardware store, the price of the store brand indoor house paint is $18 per gallon
In a local hardware store, the price of the store brand indoor house paint is $18 per gallon
Subject:EconomicsPrice:2.88 Bought3
In a local hardware store, the price of the store brand indoor house paint is $18 per gallon. The daily volume of sales is 30 gallons. The price elasticity of demand for the paint is -3.
Determine the demand equation for the paint assuming that it is linear.
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