Refer to the following figure:

-When price is $15 and quantity demanded is 1,000, what is the point elasticity of demand?
A) -3
B) -1/3
C)-1
D) -5
E) -2/3

Name: Refer to the following figure: -When price is $15 and quantity demanded is 1,000, what is the point elasticity of demand? A) -3 B) -1/3 C)-1 D) -5 E) -2/3
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Question

Refer to the following figure:
 
-When price is $15 and quantity demanded is 1,000, what is the point elasticity of demand?
A) -3 
B) -1/3 
C)-1 
D) -5 
E) -2/3

Quizplus · Accepted Answer

The Answer of Refer to the following figure:
 
-When price is $15 and quantity demanded is 1,000, what is the point elasticity of demand?
A) -3 
B) -1/3 
C)-1 
D) -5 
E) -2/3

Refer to the Following Figure