Calculate the elasticity of demand between the two points

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suppose that, during the past year, the price of a laptop computer rose from $2,300 to $2,700 per laptop. During the same time period, consumer sales decreased from 600,000 to 500,000 laptops. Calculate the elasticity of demand between these two points by following the steps shown next. After each step, select the appropriate answers in the table. 1). Original Quantity 2). New Quantity 3). Average Quantity 4). Change in Quantity 5). Percentage change in Quantity 6). Original price 7). New Price 8). Average Price 9). Change in Price 10). Percentage Change in Price. The elasticity of demand for laptop computer is about?

Reference no: EM13205878

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