A Firm's Demand Curve Is Estimated to Be Q =

question 38

Multiple Choice

A firm's demand curve is estimated to be Q = 400 - 5P, where Q is quantity and P is the price of the good. At P = $20, the point elasticity of demand is _____.

• A) -0.25
• B) -0.067
• C) -0.33
• D) -.67
• E) -1.33

---

Definitions:

Incidence

The frequency or rate at which new cases of a condition, disease, or event occur in a specific population over a certain period.

Master Status

A primary or dominant status that an individual possesses which shapes their identity and interactions in society.

Stigmatized

Describes the process of disgracing or branding a person or group as less valued because of some characteristic or attribute, leading to their discrimination or exclusion from society.

Stigma

The disapproval and discriminating attitudes that society attaches to individuals or groups considered to deviate from the norm.