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The Federal Government is in the process of building a National Broadband Network, which will increase the intemet upload and download speeds across Ausualia. An

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The Federal Government is in the process of building a National Broadband Network, which will increase the intemet upload and download speeds across Ausualia. An independent cost benet analysis has been conducted. It was estimated that at a price of $1 30 per month, demand for a new high speed broadband would be 93% of the market, while at a price of $155 per month. demand would be 49% of the market. It cannot be assumed that the demand curve is linear. Calculate the midpoint price elasticity of demand for the high speed broadband. Round your answer to the nearest two decimal places, giving a positive value for elasticity

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