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P Is in Dollars and Q Is the Number of Units

Question 7

Multiple Choice

p is in dollars and q is the number of units. Suppose that the demand for a product is given by p is in dollars and q is the number of units. Suppose that the demand for a product is given by . Find the elasticity when and . Round your answer to four decimal places. ​ A) 1.0000 B) 0.0040 C) 0.0049 D) 0.0138 E) 0.2011 . Find the elasticity when p is in dollars and q is the number of units. Suppose that the demand for a product is given by . Find the elasticity when and . Round your answer to four decimal places. ​ A) 1.0000 B) 0.0040 C) 0.0049 D) 0.0138 E) 0.2011 and p is in dollars and q is the number of units. Suppose that the demand for a product is given by . Find the elasticity when and . Round your answer to four decimal places. ​ A) 1.0000 B) 0.0040 C) 0.0049 D) 0.0138 E) 0.2011 . Round your answer to four decimal places. ​


A) 1.0000
B) 0.0040
C) 0.0049
D) 0.0138
E) 0.2011

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