Suppose Demand Can Be Written As $\mathrm { PQ } = 1000$

question 48

Multiple Choice

Suppose demand can be written as $\mathrm { PQ } = 1000$ .The price elasticity of demand is

• A)increasing as price rises.
• B)decreasing as price rises.
• C)constant regardless of prices and perfectly elastic.
• D)constant regardless of prices and unit elastic.

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Definitions:

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