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When the price of candy bars decreased from $0.50 to $0.40, the quantity demanded changed from 10,000 per day to 12,000 per day. In this

When the price of candy bars decreased from $0.50 to $0.40, the quantity demanded changed from 10,000 per day to 12,000 per day. In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is

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0.82.

1.22.

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