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When the price of bubble gum is $0.50, the quantity demanded is 400 packs per day. When the price falls to $0.40, the quantity demanded increases to 600. Given this information and using the midpoint method, what do you know about the elasticity of demand for bubble gum?
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When the price of bubble gum is $0.50, the quantity demanded is 400 packs per day. When the price fa...
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