Suppose a market has the demand function Qd=20-0.5P. Between which of the following price ranges is demand most inelastic?
A) $0 to $10
B) $10 to $20
C) $20 to $30
D) $30 to $40

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The Answer of Suppose a market has the demand function Qd=20-0.5P. Between which of the following price ranges is demand most inelastic?
A) $0 to $10
B) $10 to $20
C) $20 to $30
D) $30 to $40

Suppose a Market Has the Demand Function Qd=20-0