Find the price elasticity of demand using midpoint formula
P = $11, Qd = 16P = $9, Qd = 24P = $7, Qd = 32P = $5, Qd = 4
Using the midpoint formula, what is the price elasticity of demand between: (a) $11 and $9; (b) $9 and $7; (c) $7 and $5?
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