The Demand for a Monopolist's Output Is 3,000/(p + 2)²

question 63

Multiple Choice

The demand for a monopolist's output is 3,000/(p + 2) ², where p is the price it charges.At a price of $3, the elasticity of demand for the monopolist's output is

• A)-1.
• B)-2.60.
• C)-2.10.
• D)-1.60.
• E)-1.10.

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