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10 PRICE (Dollars per pound) 9 8 co 7 6 5 4 2 0 0 1 11 b 1 Y X 10 20 30 40
10 PRICE (Dollars per pound) 9 8 co 7 6 5 4 2 0 0 1 11 b 1 Y X 10 20 30 40 50 60 70 80 QUANTITY (Thousands of pounds of tomatoes) Demand 90 100 According to the midpoint method, the price elasticity of demand for tomatoes between point X and point Y is approximately that the demand for tomatoes is between points X and Y. J which suggests
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