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Harry's Demand Function for Blueberries Is X = 20 -

Question 18

Multiple Choice

Harry's demand function for blueberries is x = 20 - p, where p is the price and x is the quantity demanded.If the price of blueberries is 3, then what is Harry's price elasticity of demand for blueberries?


A) -6/14
B) -2/20
C) -2
D) -14/6
E) none of the above.

Correct Answer:

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