The demand function for a manufacturer's product is given by p = 500 - 5q - where p is the price per unit when q units are demanded.The point elasticity of demand when q = 5 is
A) -0.5.
B) -1.
C) -1.5.
D) -4.
E) -6.

Question

The demand function for a manufacturer's product is given by p = 500 - 5q -  where p is the price per unit when q units are demanded.The point elasticity of demand when q = 5 is
A) -0.5. 
B) -1. 
C) -1.5. 
D) -4. 
E) -6.

Quizplus · Accepted Answer

The Answer of The demand function for a manufacturer's product is given by p = 500 - 5q -  where p is the price per unit when q units are demanded.The point elasticity of demand when q = 5 is
A) -0.5. 
B) -1. 
C) -1.5. 
D) -4. 
E) -6.

The Demand Function for a Manufacturer's Product Is Given by P