n myFranklinforTyis X l 5' Mail-Tyisha 6055- X I m McGraw-HillConm X E ModuleZApplicat X 6 Demand Data Is Sh X I G Demand DatalsSt X l + V X ( $ 0' newconnectmheducation.com L\": 13 3' I] a all?\" Micro- ElaStiClty (BETH) Return to Activity When Connecting U dropped the MM... rum: Materials price of a gigabyte of data from 6:23;; $20 to $1 6, Jamming Joe's quantity demanded increased from 2 gigabytes to 3 gigabytes of data a 40 percent increase in quantity demanded, according to the midpoint formula. MidPuim Funnula Midpoint Formula for Percentage Change in Quantity: ((New Quantity 7 Old Quantity) / ((New Quantity + Old Quantity) / 2)) $100 Midpoint Formula for Percentage Change in Price: ((New Price 7 Old Price) / ((New Price + Old Price) /2)) 92100 Joe, what is your own price elasticity for gigabytes of data? Curious Cally In absolute value, my own price elasticity is about 1.2. In absolute value. my own price elasticity is about 0.56. In absolute value, my own price elasticity is about 1.8. \"\"2 PM ' 4,110,202; Es