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Mathematics, 18.02.2022 01:40 kayla8243

When the price of a good is $5, the quantity demanded is 120 units per month; when the price is $7, the quantity demanded is 100 units per month. Using the midpoint method, the price elasticity of demand is about: a. 1.83.
b. 2.
c. 0.55.
d. 10.

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When the price of a good is $5, the quantity demanded is 120 units per month; when the price is $7,...
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