Question: Suppose the demand for a Nintendo Switch console is P = 600 - 0.05Q, where P represents the price of a Nintendo Switch console (in

Suppose the demand for a Nintendo Switch console is P = 600 - 0.05Q, where P represents the price of a Nintendo Switch console (in dollars) and Q is the number of Nintendo Switch consoles sold in a certain market. If the price of each console is $400, what is the price elasticity of demand for Nintendo Switch consoles in that market?

Group of answer choices

-0.5

-1.50

-1

-0.05

-2.00

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