In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,what is the price elasticity of demand for ice skates for hockey players?
Definitions:
Calories
A measurement of energy that our body gets from consuming food and beverages.
Fiber Intake
The amount of dietary fiber consumed, which is important for digestion, maintaining a healthy weight, and lowering the risk of diabetes and heart disease.
Grams
A metric unit of mass equal to one thousandth of a kilogram.
Macronutrient
A type of nutrient required in large amounts in the diet, including carbohydrates, proteins, and fats.
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