Question: 16. Using the midpoint method for calculating the elasticity, what is the price elasticity of demand for cable television in Small Town? a. 0.66 b.

16. Using the midpoint method for calculating the elasticity, what is the price elasticity of demand for cable television in Small Town?

a. 0.66

b. 0.75

c. 1.0

d. c. 1.4 2.0

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