What was elasticity of quantity demanded of potato chips

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Question

"When we sold tortilla chips for $5/bag, we sold 210 six-packs of soda and 320 bags of potato chips. When we put tortilla chips on sale at $4/bag, we sold 220 six-packs of soda and 250 bags of potato chips."

What was elasticity of the quantity demanded of potato chips with respect to the price of tortilla chips? (Use the midpoint method).

Reference no: EM133372690

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