Question: Using the midpoint formula, calculate the elasticity for demand when the price changes from $50 to $40 A) -0.22, and elastic B) 3 , and

Using the midpoint formula, calculate the elasticity for demand when the price changes from $50 to $40 A) -0.22, and elastic B) 3 , and elastic C) -3, and inelastic D) 0.67, and inelastic

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