Question: Suppose that a typical consumer has an inverse demand for frog's legs given by the following: P = 3/QD. A graph of that inverse demand

Suppose that a typical consumer has an inverse demand for frog's legs given by the following:
P = 3/QD. A graph of that inverse demand curve is given in the figure to the right.
Show that the demand curve is unit-elastic.

Price (S/frog leg)A Slope-3 $3 Slope3 2 Slope3 Demand 1 23 Quantity of frog legs 0

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