Suppose a local bank increases the fees they charge for, Business Economics

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Suppose a local bank increases the fees they charge for

Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 50,000 to 45,000. What is price elasticity of demand for this bank's accounts? Using the midpoint formula, the price of elasticity of demand is _______?

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