If the Demand Function Is Q = M - 2(ln

question 85

Multiple Choice

If the demand function is q = m - 2(ln p) over some range of values of p, then at all such values of p, the absolute value of the price elasticity of demand

• A)increases as p increases.
• B)decreases as p increases.
• C)is constant as p changes.
• D)increases with p at small values and decreases with p at large values.
• E)decreases with p at large values and increases with p at small values.

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Definitions:

Louis XV

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