If the Demand for Orange Juice Is Expressed as Q

question 60

Multiple Choice

If the demand 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,the demand curve

• A) is elastic.
• B) has a unitary elasticity.
• C) is inelastic.
• D) is perfectly inelastic.