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Recently,in Smalltown,the Price of Twinkle Snack Cakes Fell from $1

question 75

Essay

Recently,in Smalltown,the price of Twinkle snack cakes fell from $1.80 to $1.70.As a result,the quantity demanded of Giggle snack cakes decreased from 110 to 100.What would be the appropriate elasticity to compute
Using the midpoint method,compute this elasticity.What does your answer tell you


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