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2 Economists estimate price elasticity more precisely by using average price and quantity to compute percentage changes. Using this formula, compute E for a popcorn

2 Economists estimate price elasticity more precisely by using average price and quantity to compute percentage changes. Using this formula, compute E for a popcorn price increase from 15 cents to 25 cents per ounce (Figure 4.5). 919: . P1_Pl . =mTP1+Pl.mmvnhz 2 1 E

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