The demand for a Sony PlayStation5 console is P = 400 - 0.02Q where P represents the

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The demand for a Sony PlayStation5 console is P = 400 - 0.02Q where P represents the per PlayStation5 console (in dollars) and Q is the number of PlayStation 5 consoles sold. If price of each console is $100, what is the price elasticity of demand for Sony PlayStation5 consoles?

Group of answer choices

-0.33

-1.50

-1

-0.02

-3.00

Posted Date: Jun 13, 2024 07:58 PM

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The demand for a Sony PlayStation5 console is P = 400 - 0.02Q where P represents the

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