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Business, 23.10.2021 14:00 rb161040

The price of a dozen eggs falls from $2.50 to $1.50. In response to the price change, quantity demanded for eggs increases by 30%. The absolute value of the price elasticity of demand for eggs is , and the price elasticity of demand is . (Use the midpoint formula). Group of answer choices

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The price of a dozen eggs falls from $2.50 to $1.50. In response to the price change, quantity deman...
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