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pirex pirex
wrote...
Posts: 634
6 years ago
Suppose the inverse demand curve for a good is expressed as Q = 50 - 2p. If the good currently sells for $3, then the price elasticity of demand is
A) -3 * (2/50 ).
B) -2 * (50/3 ).
C) -2 * (3/44 ).
D) -3 * (44/2 ).
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 54 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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ChronosChronos
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Posts: 404
Rep: 2 0
6 years ago
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pirex Author
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Helped a lot
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Brilliant
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This helped my grade so much Perfect
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