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Help please I must be missing something on this question: When the price of candy bars decreased from $0.80 to $0.75, the quantity demanded changed
Help please I must be missing something on this question:
When the price of candy bars decreased from $0.80 to $0.75, the quantity demanded changed from 4,000 per day to 4,500 per day. In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is:
I am coming up with $1.82
but the answers given is 1.2, 2.5, .55, 1.63
Thank you
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