P Is in Dollars and Q Is the Number of Units

question 2

Multiple Choice

p is in dollars and q is the number of units. Find the elasticity of the demand function $5 p + 4 q = 152$ at the price $p = \$ 30$ .

• A)-75.00
• B)1.00
• C)75.00
• D)-1.25
• E)1.25

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Definitions:

Listed Payee

An entity or individual named in a document, such as a check or policy, who is authorized to receive the specified funds or benefits.

Misspelled Name

An error in the spelling of a name on a document or record, which can sometimes complicate legal or official transactions.

Good Faith

The principle of acting with honesty, fairness, and sincerity in dealings without any intent to deceive or defraud.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, aimed at harmonizing laws across the states.