(All Steps) Suppose the monthly demand for soda by a consumer is given by Q=10-8P. a. If the price of soda is $1 per can, how many sodas will the consumer purchase
Question:
Suppose the monthly demand for soda by a consumer is given by Q=10-8P.
a. If the price of soda is $1 per can, how many sodas will the consumer purchase in a typical month?
b. What is the elasticity of demand for soda?
Deliverable: Word Document 
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