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Use the following information to calculate the price elasticity of demand for iPhones: if P = $400,Qd = 10,600 if P = $600,Qd = 8,400

Use the following information to calculate the

price elasticity of demand for iPhones:

if P = $400,Qd = 10,600

if P = $600,Qd = 8,400

Use the midpoint (arc price elasticity) method to calculate percentage changes.

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