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If the demand function for a particular good is Q = 20 - 8P, then the price elasticity of demand (in absoulte value) at a price of $1 is: 2/3 D. 1/8...

5. If the demand function for a particular good is Q = 20 - 8P, then the price elasticity of demand (in absoulte value) at a price of $1 is:

A. 8 B. 2 C. 2/3 D. 1/8 E. None of the above

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