Suppose Demand Is Given By $Q ^ { d } = 1,000 - 25 P$

question 12

Multiple Choice

Suppose demand is given by $Q ^ { d } = 1,000 - 25 P$ and supply is given by $Q ^ { s } = 75 P$ . At the equilibrium price and quantity, the price elasticity of demand is

• A) \(- 3\)
• B) \(- 25\)
• C) \(- 1 / 3\)
• D) \(- 10\)

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Customer Relationship Management system; a technology for managing all your company's relationships and interactions with customers and potential customers.

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