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    Microeconomics Theory and Applications
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    Exam 2: Supply and Demand
  5. Question
    If Demand Is Given by Q = Ap⁻ᵇ Where a and B
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If Demand Is Given by Q = Ap⁻ᵇ Where a and B

Question 14

Question 14

Multiple Choice

If demand is given by Q = Ap⁻ᵇ where A and b are positive constants,the absolute value of price elasticity of demand


A) = b
B) = A
C) = A/b
D) depends on the price

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