Suppose Q xd = 10,000 − 2 Px + 3 Py − 4.5M,where Px = $100,Py = $50,and M = $2,000.What is the own price elasticity of demand?
A) −2.34
B) −0.78
C) −0.21
D) −1.21
Correct Answer:
Verified
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