📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Suppose the demand function for a certain commodity is

    given by:                                                      Q = 800 – 4P What is the price elasticity of demand when the market price (P) is 50?
    A −0.25 Correct Answer Incorrect Answer
    B −0.33 Correct Answer Incorrect Answer
    C −1.00 Correct Answer Incorrect Answer
    D −0.50 Correct Answer Incorrect Answer

    Solution

    Practice Next
    More Research Questions
    ask-question