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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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