Business, 18.10.2019 19:00 hopej1980

When the price of a good is $5, the quantity demanded is 100 units per month; when the price is $7, the quantity demanded is 80 units per month. using the midpoint method, the price elasticity of demand is about
a) 0.22.
b) 0.67.
c) 1.33.
d) 1.50.

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