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Suppose That the Inverse Demand Curve for a Well-Known Sports

Question 93

Multiple Choice

Suppose that the inverse demand curve for a well-known sports car can be expressed as Suppose that the inverse demand curve for a well-known sports car can be expressed as , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 100? A) -1 B) -2 C) 1 D) 2 , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 100?


A) -1
B) -2
C) 1
D) 2

Correct Answer:

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