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Scenario 4.2: Suppose That the Demand for Artichokes (Qa) Is Given As

Question 26

Multiple Choice

Scenario 4.2:
Suppose that the demand for artichokes (Qa) is given as:
Qa = 200 - 4P
-Use the information in Scenario 4.2. What is the price elasticity of demand if the price of artichokes is $10?


A) 0
B) -0.25
C) -1
D) -4
E) negative infinity

Correct Answer:

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