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Consider the following demand equation: Qd = 99 - 3P Using the point elasticity formula, find...

Consider the following demand equation:

Qd = 99 - 3P

Using the point elasticity formula, find the price elasticity of demand at a price of P = 9. Your answer will likely be a decimal. Round it to the nearest 2 places.

The price elasticity of demand is _____________.

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