Calculating the elasticity of demand using midpoint formula

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Reference no: EM131442924

Question: Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell from $42 to $38, what would be the elasticity of demand if the quantity demanded changed from:

a. $19 to $21?

b. $27 to $33?

c. $195 to $205?

Reference no: EM131442924

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