39) Suppose the inverse demand curve for a good is expressed as Q= 50 2p. If the good currently sells for $3, then the price elasticity of demand is A) -3 (2/50). B) -2 (50/3). C)-2 (3/44). D) -3 (44/2). 40) The above figure shows the demand curve for crude oil, If the market price is $10 a barrel what is the price elasticity of demand? Ar.02 B)-1 C)-10 D) -500

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