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Business, 21.03.2020 03:07 memelord0111011

When the price of candy bars is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demanded increases to 600. Given this information and using the midpoint method, we know that the demand for candy bars is:
a) inelastic.
b) elastic.
c) unit elastic.
d) perfectly inelastic.

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