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Suppose Starbucks raises the price of a cappuccino from $ 2 to $ 4 . As a result, the quantity demanded of cappuccinos decreases from

Suppose Starbucks raises the price of a cappuccino from $2 to $4. As a result, the quantity demanded of cappuccinos decreases from 16 to 12. Using the midpoint method, what is the absolute value of the price elasticity of demand for cappuccinos?Select one: a..43 b..5 c.2O d.2.33

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