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QUESTION
The following is the absolute value for the Mid-Point price elasticity of demand between two points on certain demand: Point A : Po = 15 Qo =10...
The following is the absolute value for the Mid-Point price elasticity of demand between two points on certain demand:
Point A : Po = 15 & Qo =10
while
Point B: P1 = 5 & Q1= 20
a. l Ep l = 3/2
b. l Ep l = 2/3
c. l Ep l = 1
d. l Ep l = 1/4
