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Using the midpoint method, the price elasticity of demand for almonds between the price levels of $ 1 0 and $ 8 per ton is

Using the midpoint method, the price elasticity of demand for almonds between the price levels of $10 and $8 per ton is , meaning that between these two points, demand is . Thus, you can conclude that the growers claim is , because total revenue will due to the technological improvement.

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