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QUESTION
Using the midpoint formula, how do I CALCULATE the price elasticity of demand for each segment of the demand function?
Using the midpoint formula, how do I CALCULATE the price elasticity of demand for each segment of the demand function? PRICE $18, $14, $10, $6, $2 and the quanity is 10, 30, 50, 70, and 90. A B} Elasticity = -4. What would the rest of the Elasticity be?
