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Suppose that the full day price of a ski lift increases from $28.50 to $31.50, as a result, the average number of skiers using the
Suppose that the full day price of a ski lift increases from $28.50 to $31.50, as a result, the average number of skiers using the lift decreases from 1100 to 900 per day. Find the price elasticity of demand using the mid-point method. Group of answer choices -0.5 -3.0 -20 -2.0
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