Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell

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Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell from $42 to $38, what would be the elasticity of demand if the quantity demanded changed from:

a. $19 to $21?

b. $27 to $33?

c. $195 to $205?

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 03:01 AM

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Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell

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Exploring Macroeconomics

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