Suppose the equilibrium price in the market is $60 and the marginal revenue associated with the linear (inverse) demand function is $20.Then we know that the own price elasticity of demand is
A)-2.
B)2.
C)-0.50.
D)cannot be determined from the information contained in the question.

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The Answer of Suppose the equilibrium price in the market is $60 and the marginal revenue associated with the linear (inverse) demand function is $20.Then we know that the own price elasticity of demand is
A)-2.
B)2.
C)-0.50.
D)cannot be determined from the information contained in the question.

Suppose the Equilibrium Price in the Market Is $60 and the Marginal