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In: Economics

subject: [Management Economics] Eunji is selling delicious pie. As a result of paying attention to changes...

subject: [Management Economics]

Eunji is selling delicious pie. As a result of paying attention to changes in pie demand for price changes to identify demand for pies, she found that pie sales fluctuate from 30 to 24 if the unit price of pies changes from 4 to 5. Derive the linear demand curve of the pie, and obtain the price level of the pie whose price elasticity of demand is -1.

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