Question: The inverse demand function for grapes is described by the equation p = 518 - 5q, where p is the price in dollars per crate

The inverse demand function for grapes is described by the equation p = 518 - 5q, where p is the price in dollars per crate and q is the number of crates of grapes demanded per week. When p = $38 per crate, what is the price elasticity of demand for grapes?

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