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Homework answers / question archive / The inverse demand function for a good is as follows: P = 40 - 1

The inverse demand function for a good is as follows: P = 40 - 1

Economics

The inverse demand function for a good is as follows: P = 40 - 1.25Q. What is the price elasticity of demand at a price of $10? Round your final answer to two decimal places.

Group of answer choices

 

 

-1.33

 

-0.52

 

-3.00

 

-0.33

 

-0.67

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