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A monopolistically competitive firm's inverse demand function is as follows: P = 50 - 2Q/5.What is the price elasticity of demand at the price of
A monopolistically competitive firm's inverse demand function is as follows: P = 50 - 2Q/5.What is the price elasticity of demand at the price of $32?Round your final answer to two decimal places.
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-1.78
-2.67
None of the answers listed is correct.
-1.67
-1.33
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