What would be the appropriate elasticity to compute

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In Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result the quantity demanded of HoHo's decreased from 120 to 100. What would be the appropriate elasticity to compute? Use the midpoint method, compute this elasticity. What does your answer tell you?

Reference no: EM13222163

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What would be the appropriate elasticity to compute : In Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result the quantity demanded of HoHo's decreased from 120 to 100. What would be the appropriate elasticity to compute Use the midpoint method, compute this elasticity. What does yo..

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