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Suppose the price of apples increases from $24 to $25, and in response quantity demanded decreases from 100 to 80.Using the mid-point formula, what is

Suppose the price of apples increases from $24 to $25, and in response quantity demanded decreases from 100 to 80.Using the mid-point formula, what is the price elasticity of demand? (Note: your answer should be correct to two decimal places.)

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