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Business, 07.01.2020 23:31 michael3592

Using the midpoint formula, calculate elasticity for the following change in demand.
demand for: 12-gauge copper wire
p1 $0.60 per lineal foot
p2 $0.45 per lineal foot
q1 2,500 lineal feet per week
q2 5,000 lineal feet per week
price elasticity of demand

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Using the midpoint formula, calculate elasticity for the following change in demand.
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