Vidyalelo
Commerce · Q497

Economics

Graduate and Post Graduate · Commerce · question 497

Q497

Given the demand function q = 20 p, where p = price of product and q = quantity of product, the elasticity of demand at p = 10 would be

Given the demand function   where p = price of product and q = quantity of product, the elasticity of demand at p = 10 would be
A.
0
B.
-1
Answer
C.
-2
D.

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board