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Microeconomics

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Moderate

Elasticity: Elastic Along the Curve

MICRO-EYYUEE

Consider the following demand curve for shoes:

$$P = 50 - 3Q_d$$

At which of the following quantities is the price elasticity of demand for shoes the most elastic?

(For an extra challenge, try finding the answer without doing any calculations!)

A

$Q_d=10$

B

$Q_d=11$

C

$Q_d=12.5$

D

$Q_d=15$