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17verns 17verns
  • 16-02-2016
  • Mathematics
Answered

A baker sells 30 bagels for $2.00 each. Then he lowers his price to $1.00 each and sells 50. Use the midpoint formula to calculate the baker's price elasticity of demand for a bagel.

A1.32
B.5
C.75
D−.75

Verified Answer :

swimwolf swimwolf
  • 16-02-2016

it would be 1.32. because when u use mid point formal that is what u get

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