Good weather produces a bumper crop of apples as a result, Econometrics

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Good weather produces a bumper crop of apples as a result

Good weather produces a bumper crop of apples. As a result, the price falls from $6 to $3 a basket and the quantity demanded increases from 600 to 1100 baskets a week. Over this price range calculate the price elasticity of demand (using the midpoint method).

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Econometrics: Good weather produces a bumper crop of apples as a result

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