# Demand Elasticity

In a monopoly with a Marginal Cost of $10 per unit, zero fixed costs, an inverse demand function of P=50-Q, what is the demand elasticity of a unit at the monopoly price and quantity. Either it is -1.5, -2, -2.5 or 2. Please show the steps to solve.

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In a monopoly with a Marginal Cost of $10 per unit, zero fixed costs, an inverse demand function of P = 50 - Q, what is the ...

#### Solution Summary

Demand Elasticity is calculated for a monopoly.

$2.19