Question: Table 5-2 Price Quantity $100 O $80 10 $60 20 $40 30 $20 40 $0 50 Refer to Table 5-2. Using the midpoint method, if

Table 5-2 Price Quantity $100 O $80 10 $60 20 $40

Table 5-2 Price Quantity $100 O $80 10 $60 20 $40 30 $20 40 $0 50 Refer to Table 5-2. Using the midpoint method, if the price falls from $80 to $60, the price elasticity of demand is elastic inelastic zero. unit elastic

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