Question: 4) If the demand function for orange juice is expressed as Q = 2000 - 500p, where Q is quantity in gallons and p is
4) If the demand function for orange juice is expressed as Q = 2000 - 500p, where Q is quantity in gallons and p is price per gallon measured in dollars, then the demand for orange juice has a unitary elasticity when price equals A) $0. B) $1. C) $2. D) $4.
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