Given the Following Demand Curve,P = 55 - 0

question 140

Multiple Choice

Given the following demand curve,P = 55 - 0.048Q,price elasticity of demand when P = $20 is

• A) 1.22.
• B) 1.01.
• C) 0.97.
• D) 0.57.
• E) 0.33.

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