The Demand for a Monopolist's Output Is , Where

question 15

Multiple Choice

The demand for a monopolist's output is , where p is the price it charges. At a price of $3, the elasticity of demand for the monopolist's output is

• A) -1.
• B) -2.20.
• C) -1.20.
• D) -1.70.
• E) -0.70.

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