The inverse demand function for grapes is described by the equation p = 518 - 5q, where p is the price in dollars per crate and q is the number of crates of grapes demanded per week.When p = $38 per crate, what is the price elasticity of demand for grapes?
A)-190/96
B)-5/518
C)-5/96
D)-96/38
E)-38/480

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The Answer of The inverse demand function for grapes is described by the equation p = 518 - 5q, where p is the price in dollars per crate and q is the number of crates of grapes demanded per week.When p = $38 per crate, what is the price elasticity of demand for grapes?
A)-190/96
B)-5/518
C)-5/96
D)-96/38
E)-38/480

The Inverse Demand Function for Grapes Is Described by the Equation