If P₁ = $5, Q₁ = 10,000, P₂ = $6

question 20

Multiple Choice

If P₁ = $5, Q₁ = 10,000, P₂ = $6 and Q₂ = 5,000, then at point P₁ an estimate of the point price elasticity e_P equals:

• A) -6
• B) -2.5
• C) -4.25
• D) -0.12

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