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A market with demand Q = 100 – 3P is currently in equilibrium with 40 units being sold. It follows that the current price elasticity of demand A. is…

  1. A market with demand Q = 100 – 3P is currently in equilibrium with 40 units being sold. It follows that the current price elasticity of demand

A. is zero.

B. is -1.5.

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C. is -6.

D. cannot be calculated with the information given.

 

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