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Suppose the demand for coffee changes from 10 pounds to 6 pounds when the price increased from $2 per pound to $4 per pound.(a) Calculate

Suppose the demand for coffee changes from 10 pounds to 6 pounds when the price increased from $2 per pound to $4 per pound.(a) Calculate the price elasticity of demand with the midpoint formula and explain it in words.(b)Is the demand for coffee elastic, inelastic or unitary elastic?Show your work!

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