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Suppose That the Inverse Demand Curve for a Well-Known Sports

Question 49

Multiple Choice

Suppose that the inverse demand curve for a well-known sports car can be expressed as Suppose that the inverse demand curve for a well-known sports car can be expressed as , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 200? A) -0.125 B) -0.375 C) -1.25 D) -3.75 , where price is in dollars and quantity is in numbers of cars. What is the price elasticity of demand at a quantity of 200?


A) -0.125
B) -0.375
C) -1.25
D) -3.75

Correct Answer:

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