Mamadorunrun7213 Mamadorunrun7213
  • 22-04-2024
  • Business
contestada

Suppose you are given the following data on demand for a product. The price elasticity of demand (based on the midpoint formula) when price decreases from $120 to $115 is:
a) 0.63
b) 1.00
c) 1.16
d) 1.60
e) 2.27

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