Multiple Choice
A firm's demand curve is estimated to be Q = 400 - 5P,where Q is quantity and P is the price of the good.At P = $15,the point elasticity of demand is _____.
A) -0.23
B) -0.013
C) -0.85
D) -4.35
E) -5.00
Correct Answer:
Verified
Correct Answer:
Verified
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