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Question 17 (0.35 points) Price rises from $10 to $11, and the quantity demanded falls from 100 units to 95 units. What is the price
Question 17 (0.35 points) Price rises from $10 to $11, and the quantity demanded falls from 100 units to 95 units. What is the price elasticity of demand using the midpoint formula between these two prices in absolute terms (round to 2 decimal places)? %
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