Question: John's inverse demand function for chocolate is: P = 6 - 0.5QD. What is his price elasticity of demand when QD = 8? A) -1

John's inverse demand function for chocolate is: P = 6 - 0.5QD. What is his price elasticity of demand when QD = 8? A) -1 B) -0.125 C) 2 D) -0.5 E) Cannot be determined from the information given

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