According to the midpoint method

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Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumption changed the price of a case of beer from $10 to $20. According to the midpoint method, the government policy should have reduced beer consumption by how much (in %)? (Show how you get the result. Only a number is not enough.)

Reference no: EM13859958

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