If the Demand Function for Q Units of a Commodity

question 22

Multiple Choice

If the demand function for q units of a commodity at p$ per unit is given by , find the rate of change of quantity with respect to price when p = $20. Round your answer to three decimal places. ​

• A) 0.208
• B) -0.208
• C) 0.104
• D) -0.090
• E) 0.045

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Definitions:

Authority

Is legitimate, institutionalized power.

Social Relationship

A connection between individuals based on social interactions, affiliations, or roles within a community or society.

Moral Consent

An agreement or acceptance that is considered ethical or in alignment with societal norms and moral principles.

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or exercise authority.