Question: trying to find using the midpoint method the elasticity of demand for laptops is Attempts: Keep the Highest: / 2 2. Calculating the price elasticity

trying to find using the midpoint method the elasticity of demand for laptops is

Attempts: Keep the Highest: / 2 2. Calculating the price elasticity of demand: A step-by-stepguide Suppose that during the past year, the price of a laptop computer fell from $2,650 to $2,430. During the same time period, consumer sales increased from 495,000 to 664,000 laptops. Calculate the elasticity of demand between these two price-quantity combinations by using the following steps. After each step, complete the relevant part of the table with the appropriate answers. (Note: For decreases in price or quantity, enter values in the Change column with a minus sign.) Original New Average Change Percentage Change Quantity 495,000 664,000 579,500 169,000 29.16% Price $2,650 $2,430 $2,540 -$220 8.66% Step 1: Fill in the appropriate values for original quantity, new quantity, original price, and new price

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