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Elasticity and the Midpoint Method
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Elasticity and the Midpoint Method
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4. Elasticity / Elasticity and the Midpoint Method / Problem 1
Problem 1
If the quantity demanded changes from 800 to 1000 units, what is the percentage change in quantity demanded using the midpoint method?
A
22.2%
B
20%
C
30%
D
25%
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