The inverse demand curve for eggs is P = 20

Name: The inverse demand curve for eggs is P = 20 - 0.25Q. What is the price elasticity of demand at P = $4? A) -0.45 B) -2.0 C) -4.0 D) -0.25
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Question

The inverse demand curve for eggs is P = 20 - 0.25Q. What is the price elasticity of demand at P = $4?
A) -0.45
B) -2.0
C) -4.0
D) -0.25

Quizplus · Accepted Answer

The Answer of The inverse demand curve for eggs is P = 20 - 0.25Q. What is the price elasticity of demand at P = $4?
A) -0.45
B) -2.0
C) -4.0
D) -0.25