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Show work Karina owns a small coffee shop in Manassas, VA. She has estimated that if she lowers the price of a cup of coffee

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Karina owns a small coffee shop in Manassas, VA. She has estimated that if she lowers the price of a cup of coffee from $2.00 to $1.50, she can increase sales from 400 to 500 coffee cups per day. Using the midpoint formula, the demand for coffee is:

A)inelastic

B)elastic

C)unitarily elastic

D)perfectly elastic

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