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16 Price ($) Quantity 50 0 45 15 40 30 35 45 30 60 25 75 20 90 15 105 10 120 5 135 2

16 Price ($) Quantity 50 0 45 15 40 30 35 45 30 60 25 75 20 90 15 105 10 120 5 135 2 pts Refer to the Table above. Use the midpoint formula to calculate the absolute value of price elasticity of demand when price changes from $40 to $45. Round to 2 decimal places if necessary

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