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MrGrimey MrGrimey
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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
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6 years ago
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