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ludmilkaskok [199]
2 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]2 years ago
5 0
It’s b 1.55
And plus it increases too
Sergio [31]2 years ago
5 0
Answer: the answer is D
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Answer:

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Analysis of the Current and Projected demand to determine the Operating Profit

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Selling price          $8.50           $9.25            0.75

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