Question:
If the inverse demand function is P=A-BQ, where A and B are positive constants, what is the elasticity at Q = \(\frac{A}{2B}\) ?
If the inverse demand function is P=A-BQ, where A and B are positive constants, what is the elasticity at Q = \(\frac{A}{2B}\) ?
Updated On: Mar 8, 2024
- -B
- \(\frac{1}{B}\)
- 2A
- 1
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The Correct Option is D
Solution and Explanation
The correct option is(D): 1
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