Answer to Question #85899 in Microeconomics for Ayanda Lubisi

Question #85899
A firm's demand curve is P = 1 – 2Q. The firm has a current price of R1 000 and it sells
100 units per day. What is the firm's price elasticity of demand?
1. – 1
2. – 2
3. – 5
4. Given the information, it cannot be determined.
1
Expert's answer
2019-03-06T05:35:07-0500
Dear Ayanda Lubisi, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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