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Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals what?
a) -2.5.
b) -0.67.
c) -4.
d)-1.5.
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