Solved: Using the midpoint method find the cross-price elasticity, Microeconomics

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Using the midpoint method find the cross-price elasticity

Question: Using the midpoint method, find the cross-price elasticity of demand for FedEx and UPS overnight shipping if the price of FedEx increased from $65 to $75 and the quantity demanded of UPS went up from 1.2 million packages per day to 1.3 million. Round to two decimal places as necessary. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Microeconomics: Using the midpoint method find the cross-price elasticity

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