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The demand curve for a product is Q = 50 -0.5P. What is the price elasticity of demand at a price of $60? A.-1.50 B.-1.0

The demand curve for a product is Q = 50 -0.5P. What is the price elasticity of demand at a price of $60?

  • A.-1.50
  • B.-1.0
  • C.-0.80
  • D.-0.25

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