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Business, 10.08.2021 04:10 lexusdixon3

A Chinese restaurant and a Thai restaurant both sold buffet meals at the single price of $15 per person. When the Thai restaurant reduced their price to $12 per person, the number of dinners sold at the Chinese restaurant decreased from 100 to 75. What is the cross-price elasticity for dinners at the two restaurants, using the midpoint formula

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