What is the price elasticity of demand for the company using the midpoint formula?

CMA Strategic Financial Management

Last Post by Vicente 1 year ago

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Vicente

(@delillovicente)

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if a company increases the price of its product from $3010 $35, demand would decrease from 30, 000 units to 20.000 units .

What is the price elasticity of demand for the company using the midpoint formula?

A . 0.4
B. 0.5
C. 2.0
D. 2.7

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Suggested Answer: D

Posted : 04/01/2023 3:40 pm

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