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Determine price elasticity of demand

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Reference no: EM132243934

How can we Use the midpoint formula for Ed to determine price elasticity of demand for each of the four possible €1 price changes (that is, from €5 to €4, from €4 to €3, from €3 to €2 and from €2 to €1) in the table below. can you show all calculations?

Price ( euros) : 5 , 4 , 3 , 2, 1

_______________________

Qd :1 , 2 , 3, 4, 5

Reference no: EM132243934

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