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MArishka [77]
3 years ago
13

In New Hampshire, people consumed an average of 39.8 gallons of beer in 2018, and the price per gallon was about $7.61. Suppose

all of the difference in beer consumption is due to the price difference. Use the midpoint formula to calculate the price elasticity of demand.

Physics
1 answer:
sladkih [1.3K]3 years ago
8 0

Answer:

Price elasticity of demand = 0.25

Explanation:

The detailed steps and appropriate derivation is as shown in the attached file.

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