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pirex pirex
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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 ).
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Microeconomics

Microeconomics


Edition: 6th
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ChronosChronos
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6 years ago
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pirex Author
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6 years ago
Helped a lot
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Thank you, thank you, thank you!
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