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Using the midpoint formula, what is the price elasticity ofdemandbetween the following points: P0 = $25 P1 = $20 QD0 = 100 units QD1 =

Using the midpoint formula, what is the price elasticity ofdemandbetween the following points:

P0 = $25

P1 = $20

QD0 = 100 units

QD1 = 105 units

Suppose that when the price of Good A increases by 3 percent, that the quantity purchased of Good B increases by 5 percent.What do we know about Goods A and B?

What is the cross-price elasticity ofdemandbetween Goods A and B?

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