Essay
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.
a. What is the price elasticity of demand at a quantity of 100?
b. Is the demand for these sports cars elastic or inelastic?
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a. First, for a quantity of 100 cars, 
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Correct Answer:
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a...View Answer
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