Question Given the demand function: MCQ Q=, where symbols have their usual meaning, at which price, the elasticity of demand would be unity? (January Paper-2) ChoiceS CHOICE (4) RESPONSE 5 a. b. 20 C. 10 d. All a. , b. and c. are correct
The answer is option (d) All other options are correct.
Please refer to the images for the calculation.
As a matter of fact, in this kind of a demand function, price elasticity of...