Using Excel, Big Poppa's Estimates the Weekly Demand Function for Its

question 74

Multiple Choice

Using Excel, Big Poppa's estimates the weekly demand function for its BBQ sandwiches to be Q^d = 580.25 - (25.50 × P) . What is the point elasticity of demand at a price of $5?

• A)2.57
• B)3.67
• C)0.58
• D)0.28

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