Suppose the Inverse Demand Curve for a Good Is Expressed

question 58

Multiple Choice

Suppose the inverse demand curve for a good is expressed as Q = 50 - 2p.If the good currently sells for $3,then the price elasticity of demand is

• A) -3 ∗ (2/50).
• B) -2 ∗ (50/3).
• C) -2 ∗ (3/44).
• D) -3 ∗ (44/2).

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Definitions:

Management Buyout

An acquisition strategy where the existing managers of a company buy a significant part or all of the company from its owners or its parent organization.

Lack of Capital

A situation where there is insufficient financial resources or investment to fund current operations or expand a business.

Legal Structure

The organizational form a business takes, which can affect liability, taxation, and regulatory obligations.

Employee Retention

The ability of an organization to retain its employees and reduce turnover by creating a positive working environment and offering incentives.