The demand function Q1 50 P 1 intersects another demand function Q2 at price P 10 The elas...........

Economics-I Mathematical Methods in Economics

The demand function Q₁ = 50 - P 1 intersects another demand function Q₂ at price P = 10. The elasticity of demand for Q₂ is six times larger than that of Q₁ at that point. Find out the demand function for Q₂. (75 words) (5 Marks)

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