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Economists in Champaign have been studying the local market for Truly. They've found that the demand for Truly can be described by the following equation:
Economists in Champaign have been studying the local market for Truly. They've found that the demand for Truly can be described by the following equation: P= 40 - 0.15Q. What is the price elasticity of demandlusing the Midpoint method) when moving from a quantity of 100 to 130? ( input your answer in absolute value, and round it to include 2 decimal places}
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