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Suppose the market demand for cookies is: QD= = 190- Using the midpoint method, if the price falls from $200 to $187.50, what is

Suppose the market demand for cookies is: QD= = 190- Using the midpoint method, if the price falls from $200 to $187.50, what is the price elasticity of demand? P 5 (Round to the nearest tenths) Suppose the market demand for cookies is: 4 Q=190-P 5 Using the midpoint method, if the price falls from $200 to $187.50, what "type" price elasticity of demand is exhibited?

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