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The quantity of parking permits demanded drops from 15,600 down to 7,800; use the midpoint formula to calculate the percentage change in quantity. 67% 67%

The quantity of parking permits demanded drops from 15,600 down to 7,800; use the midpoint formula to calculate the percentage change in quantity. 67% 67% 0.67% 45%When demand is _____, a decrease in supply _____ revenue. inelastic; has no effect on inelastic; decreases elastic; increases elastic; decreases

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