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Suppose the price elasticity of demand for a basket of fruits is -2.0. You are currently charging $42 per basket. If you want to increase
Suppose the price elasticity of demand for a basket of fruits is -2.0. You are currently charging $42 per basket. If you want to increase the quantity of fruit baskets sold by 20 percent, you should charge a price equal to $_____.Use midpoint formula.
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