Using the midpoint formula for calculating the elasticity
Question: Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell from $42 to $38, what would be the elasticity of demand if the quantity demanded changed from:
a. $19 to $21?
b. $27 to $33?
c. $195 to $205?
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question using the midpoint formula for calculating the elasticity of demand if the price of a good fell from 42 to 38
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