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Calculation of Price elasticity (Arc /midpoint formula) (PI) 10 AP 9 (P,+ P2)/2 (P) 8 Point 2 15 16 17 18 19 (0) Quantity AQ
Calculation of Price elasticity (Arc /midpoint formula) (PI) 10 AP 9 (P,+ P2)/2 (P) 8 Point 2 15 16 17 18 19 (0) Quantity AQ (Q1+ Q2)/2
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