Business, 14.04.2020 16:06 demigod0701

Consider the market for a breakfast cereal. The cereal's price is initially $3.003.00 and 7070 thousand boxes are demanded per week. The company that produces the cereal is considering raising the price to $4.004.00. At that price, consumers would demand 6060 thousand boxes of cereal per week. What is the price elasticity of demandLOADING... between these prices using the midpoint formulaLOADING...? The price elasticity of demand using the midpoint formula is

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Consider the market for a breakfast cereal. The cereal's price is initially $3.003.00 and 7070 thous...

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