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Look at the demand curve in the Figure. Use the midpoint formula and points a and b to calculate the elasticity of demand for that

Look at the demand curve in the Figure. Use the midpoint formula and points a and b to calculate the elasticity of demand for that range of the demand curve. Present the elasticity in absolute value. $3 a 2 Loss b - D Gain Q O 10 20 30 40 (a) Elastic Select one: O a. 2.08 b. 1.79 O c. 0.79 O d. 1.00 O e. 1.10

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