In Problem 5, the Demand Function for Drangles Is Given

question 22

Multiple Choice

In Problem 5, the demand function for drangles is given by D(p) = (p + 1) ^-2. If the price of drangles is $20, then the price elasticity of demand is

• A) -0.95.
• B) -7.62.
• C) -5.71.
• D) -3.81.
• E) -1.90.

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Definitions:

Drug Availability

The extent to which medications and treatments can be obtained by the public, often influenced by factors like regulatory approvals, manufacturing, and distribution networks.

Harm Control

A strategy or set of strategies aimed at reducing the negative effects of hazardous substances or behaviors on individuals and communities.

Drug Abuse

The misuse of legal or illegal substances with the intention of creating pleasurable effects or escaping reality, potentially leading to dependence and harmful consequences.

Sedatives

Drugs that induce relaxation and sometimes intoxication by lowering the activity of the brain, the neurons, the muscles, the heart, and even by slowing the metabolic rate.