Question: 6 Use the data in the table below to answer the following question. 0 0 : 5 1 : 2 5 table [ [
Use the data in the table below to answer the following question.
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tablePricetableQuantityDemanded$
The price elasticity of demand based on the midpoint formula when price decreases from $ to $ is
Multiple Choice
elastic.
inelastic.
unit elastic.
perfectly elastic.
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