Show the work 1) Assume the following information on the price of product X and quantity demanded.

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1) Assume the following information on the price of product X and quantity demanded. Price in Dollars Quantity Demanded $160 40,01\" 200 36,00] 240 32.0111 230 23300 Compute (using the midpoint formula) the price elasticity of demand between $280 and $240

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Show the work 1) Assume the following information on the price of product X and quantity demanded.

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