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Own price elasticity of demand for unobtainium has been estimated at 0.5. As a result of opening some new mines and closing some: old ones,

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Own price elasticity of demand for unobtainium has been estimated at 0.5. As a result of opening some new mines and closing some: old ones, the overall change in market quantity -2%. What is the predicted percent change in price? in calculating changes, you may be tempted to use midpoints. Don't. Trust me. Round the percent change to two decimal places and do not enter the % sign. If you predict a 10.125% decrease in price, enter - 10.13.) l

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