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When the price of movies decreases from $15 to $10, the number of tickets sold increases from 3000 to 5000. What is the price elasticity

When the price of movies decreases from $15 to $10, the number of tickets sold increases from 3000 to 5000. What is the price elasticity of demand using the midpoint formula?

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P 1 15 P 2 10 Q 1 3000 Q 2 5000 Using the midpoint formula Pric... blur-text-image

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