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In Problem 5, the Demand Function for Drangles Is Given

Question 10

Multiple Choice

In Problem 5, the demand function for drangles is given by D(p) = (p + 1) ^-2. If the price of drangles is $3, then the price elasticity of demand is

A) -0.75.
B) -3.
C) -4.50.
D) -6.
E) -1.50.

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