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The following table displays data about the supply of alarm clocks. Point Price Quantity Supplied $8 50 K $9 70 L $10 80 M $11
The following table displays data about the supply of alarm clocks. Point Price Quantity Supplied $8 50 K $9 70 L $10 80 M $11 88 N $12 95 P $13 100 Step 1 of 2: Using the midpoint method, calculate the price elasticity of supply from Point K to Point P. If necessary, round all intermediate calculations and your final answer to two decimal places. Keypad
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