Percent change in the price of spaghetti

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Set all variables to their baseline values.

1) What's the percent change in the price of spaghetti between prices of $18 and $20? [Hint: Use the midpoint method.]

Set all variables to their baseline values.

2) What's the percent change in the QUANTITY of spaghetti when the price changes from $18 to $20? Set all variables at their baseline values.

3) What's the elasticity of demand for spaghetti between the prices of $18 and $20?

Reference no: EM133129697

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