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Author Question: Suppose the inverse demand curve for a good is expressed as Q = 50 - 2p. If the good currently sells ... (Read 61 times)

chads108

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on: Jul 1, 2018
Suppose the inverse demand curve for a good is expressed as Q = 50 - 2p. If the good currently sells for 3, then the price elasticity of demand is
 
  A) -3  (2/50).
  B) -2  (50/3).
  C) -2  (3/44).
  D) -3  (44/2).

Question 2

The percentage change in the quantity demanded in response to a percentage change in the price is known as the
 
  A) slope of the demand curve.
  B) excess demand.
  C) price elasticity of demand.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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ju

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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chads108

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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