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Using the midpoint method, what would be the price elasticity of demand for orthodontics procedures if the number of procedures fell from 6,000 to 4,000
Using the midpoint method, what would be the price elasticity of demand for orthodontics procedures if the number of procedures fell from 6,000 to 4,000 per week after its price increased from $6,000 to $10,000?
Select one:
a. 0.80
b. 0.45
c. 2.22
d. 1.80
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