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Home Q & A Board Other Fields Homework Help Business Economics
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MrGrimey MrGrimey
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Posts: 336
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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).
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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forrestforrest
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#1
Posts: 266
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6 years ago
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MrGrimey Author
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6 years ago
Correct Slight Smile TY
kobbhy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
gma_of_7
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2 hours ago
this is exactly what I needed
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