twan7291 twan7291

09-01-2024
Business

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The demand function for a manufacturer's product is given by p = 500 - 5q - q ² where p is the price per unit when q units are demanded. The point elasticity of demand when q = 5 is
A. -0.5
B -1
C. -15
D. -6.
E. -4.

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