The point price elasticity of demand for red herring is −4. The demand curve for red herring is: Q = 120 − P. What is the price of red herring? (a) $96 (b) $80 (c) $100 (d) $120 (e) None of the above
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34. The point
herring is: Q = 120 − P. What is the price of red herring?
(a) $96
(b) $80
(c) $100
(d) $120
(e) None of the above.
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