Consider the Demand Curve Q^d = 500P^-2

question 6

Multiple Choice

Consider the demand curve Q^d = 500P^-2.If the price is 1,the elasticity of demand is

• A) -0.50
• B) -2
• C) 500
• D) -500

---

Definitions:

Original Jurisdiction

The authority of a court to be the first to hear and adjudicate a case, before any appeal.

Legislature

A governmental body with the authority to make, amend, and repeal laws within a certain jurisdiction.

Interrogatories

are written questions used in civil litigation, sent by one party to another, which must be answered as part of the discovery process.

Physical Examination

A medical assessment conducted by a healthcare professional to evaluate an individual's physical health.