Answer:
Using the midpoint formula, the 12.5 percent change in price lead to a 10.5 percent change in the quantity demanded.
Step-by-step explanation:
This problem is related to the price elasticity of demand.
The price elasticity of demand is defined as the percent change in quantity demanded divided by the percent change in price.
Using the <u>midpoint formula</u>:
The formula for percent change in quantity demanded is:
Percent change in quantity demanded 
The formula for percent change in price is:
Percent change in price 
Given:

Percent change in quantity demanded =

Percent change in price =

The complete statement is:
Using the midpoint formula, the 12.5 percent change in price lead to a 10.5 percent change in the quantity demanded.
Three ordered pairs would be
x y
0, -15
1, -12
2, -9
ect...
In some cases, finding the limit lets you find numbers simple solutions would't allow you to find. For example, with the equation (limit being x approaching 0), if you have the equation (x^2+1)/x, you can't plug 0 into the equation because you'd be dividing by 0. Finding the limit allows you to see the number approaching 0 even though you can't actually plug 0 into the equation.
Answer:
Step-by-step explanation:
The answer to the question is 235.5