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Suppose That the Inverse Demand Curve for a Well-Known Sports

question 78

Multiple Choice

Suppose that the inverse demand curve for a well-known sports car can be expressed as Suppose that the inverse demand curve for a well-known sports car can be expressed as   , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 200? A)  -0.125 B)  -0.375 C)  -1.25 D)  -3.75 , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 200?


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