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Using the midpoint formula and the following graph, calculate the price elasticity of demand when the price changes from $3 to $8 and when the

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Using the midpoint formula and the following graph, calculate the price elasticity of demand when the price changes from $3 to $8 and when the price changes from $8 to $14. * (20 Points) Which of the following industries would you classify as an oligopoly? Explain your answer. If you are not sure, what information do you need to know to decide? a. Motorcycles b. Hotels c. Cruise lines d. Firearms e. Furniture * (10 Points) Enter your

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