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3 years ago

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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

1 answer:

just olya [345]3 years ago

8 0

Answer:

0.5

Explanation:

A screenshot is attached to get the full solution

Since the coefficient is < 1, it is inelastic

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