Question: If price changes from $4.75 to $5.25 and quantity demanded changes from 1,025 to 975 units, then what is the price elasticity of demand? Use

If price changes from $4.75 to $5.25 and quantity

If price changes from $4.75 to $5.25 and quantity demanded changes from 1,025 to 975 units, then what is the price elasticity of demand? Use the midpoint formula

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