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When Sam's Sandwiches were priced at $6, he sold 70 each day during lunch. When he reduced the price to $4 a sandwich, he sold

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When Sam's Sandwiches were priced at $6, he sold 70 each day during lunch. When he reduced the price to $4 a sandwich, he sold 80 each day. Using the midpoint formula, the own price elasticity for Sam's Sandwiches would be I -0.33 YES I7 1.33 l 0.50 I

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