Ritu Asked a Question
May 23, 2020 4:18 pmpts 30 pts
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
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  • Nidhi taparia
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  • Nidhi taparia Best Answer
    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...
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