The Demand Function in Table 3-1 Is Q_X^d = 100

question 61

Multiple Choice

The demand function in Table 3-1 is Q_X^d = 100 - 2P_X. Based on this information, compute the own price elasticity of demand when P_X = $25 (point C) .

• A) -1.09
• B) -1
• C) -0.50
• D) -0.25

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