If the Demand Curve for Orange Juice Is Expressed as Q

question 43

Multiple Choice

If the demand curve for orange juice is expressed as Q = 2000 - 500p,where Q is measured in gallons and p is measured in dollars,then at the price of $3,elasticity equals

• A) -0.33.
• B) -3.
• C) -9.
• D) -17.

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