If the demand function for orange juice is expressed as q = 2000 - 500p, where q is quantity in gallons and p is price per gallon measured in dollars, then the demand for orange juice has a unitary elasticity when price equals
a) $0.
b) $1.
c) $2.
d) $4.

C) $2

Explanation:

Q = 2000 - 500P =>

The price elasticity of demand is is defined to be the percentage change in quantity demanded divided by the percentage change in price. The formula is:

Elasticity =

Unitary elasticity (change in price leads to equal change in quantity demanded) means absolute value of elasticity = 1 => elasticity = -1

=>

=> 500P = 2000 - 500P

=> P = 2

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return

answer; manager working long hours; plz check i believe this is correct good luck;