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Business, 18.11.2020 17:00 milhai0627a

Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from 2,000 to 2,200. Using the midpoint method, the price elasticity of demand for Twinkies in the given price range is: a. 2.00.
b. 1.55.
c. 1.00.
d. 0.64.

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Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinki...
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