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When the price of a good is $20, the quantity demanded is 4 units per month; when the price is

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When the price of a good is $20, the quantity demanded is 4 units per month; when the price is $16, the quantity demanded is 6 units per month. Using the midpoint method, compute the price elasticity of demand for the good. Round it to two decimal places.

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Microeconomics

Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: September 09, 2023 03:26:22
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