The following graph shows two known points (X and Y) on a demand curve for oranges.? 8 5 PRICE (Dollars per pound) A 3 X 2 Demand 10 20 30 40 50 80 70 80 90 100 QUANTITY (Thousands of pounds of oranges)QUANTITY (Thousands of pounds of oranges) 0.03 0.1 0.29 3.4 According to the midpoint method, the price elasticity of demand for oranges between point X and point Y is approximately , which suggests that the demand for oranges is between points X and Y

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