Question: 2 - Question 3 (1 point) A firm faces a linear demand function defined as Q = 120 - 4 P . If the price

2 - Question 3 (1 point)

A firm faces a linear demand function defined as Q = 120 - 4P. If the price is 5, what is the point price elasticity of demand?

Question 3 options:

a)

 0

b)

 -1

c)

 -2

d)

 -0.2

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