Business, 25.02.2020 05:29 shaylasimonds6103

The price of notebooks is $5, and at that price consumers demand 12 notebooks. If the price rises to $7, consumers will decrease quantity demanded to 4 notebooks. Using the midpoint formula, what is the price elasticity of demand for notebooks? 0.17 3 0.33 6

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The price of notebooks is $5, and at that price consumers demand 12 notebooks. If the price rises to...

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