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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 257 Weeks Ago, 3 Days Ago |
Questions Answered: | 12843 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Can someone do a step by step on this question? I did it and got the wrong answer I'm wondering where I went wrong.
Question:
Suppose the demand function for a good is expressed as Q=100-4p. If the good currently sells for $10, then the price elasticity of demand equals...
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The correct answer was -0.67
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