Suppose that when the price of a movie ticket is $4, 100 people attend the matinee. If the price is increased to $5, suppose that only 50 people attend the matinee. Using the midpoint method in numeral form, the absolute value of the price elasticity of demand is .
Answers: 1
= $4.5 
= 75 
) is given by 
 ÷ 
÷ 
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Suppose that when the price of a movie ticket is $4, 100 people attend the matinee. If the price is...
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