# Calculating own price elasticity of demand

Suppose Qd = 10,000-2Px+3Py-4.5M,

where Px = $100, Py = $50, and M = $2,000.

What is the own-price elasticity of demand?

A. -2.34

B. -0.78

C. -0.21

D. -1.21

https://brainmass.com/economics/microeconomics/calculating-own-price-elasticity-of-demand-333372

#### Solution Summary

Solution describes the steps to calculate own price elasticity of demand.

$2.19