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QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40...

Question:

QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint met
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint method, demand is unit elastic between prices of O a. $20 and $40. b.$50 and $70 c. $40 and $60 d. $40 and $50.

Answers

Elasticity blu $20 and $40 (Q, touh P-D, (P +P₂)/2 40-30 (90+30)/2 - F0.43 90 - go) (40+20)/2 Elasticity blw $50 and $70 = 25

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