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ludmilkaskok [199]
3 years ago
5

Suppose the price of Twinkies decreases from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from 2

,000 to 2,200. Using the midpoint method, the price elasticity of demand for Twinkies in the given price range is:
a. 2.00.
b. 1.55.
c. 1.00.
d. 0.64.
Business
2 answers:
valentinak56 [21]3 years ago
5 0
It’s b 1.55
And plus it increases too
Sergio [31]3 years ago
5 0
Answer: the answer is D
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