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rosijanka [135]
3 years ago
6

When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.

In this price range, the price-elasticity coefficient (based on the midpoint formula) for candy bars is:

Business
1 answer:
Elanso [62]3 years ago
7 0

Answer:

The answer is -0.5

Explanation:

I will attach a jpg file explaining the procedure used in obtaining the answer. I used the midpoint formula to calculate for percentage change in Quantity and Price, before calculating the Price-elasticity coefficient.

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3. State the difference between limited liability and unlimited liability?​
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