Suppose That the Demand Curve for Coffee Is Given by the Equation

question 35

Multiple Choice

Suppose that the demand curve for coffee is given by the equation P = 10 - 2Q.Calculate the price elasticity of demand when the price,P,is $6.

• A) 6.0.
• B) 1.5.
• C) 1.0.
• D) 0.66.
• E) 0.16.

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