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Suppose an increase in demand causes the price to increase from $2 to $4 and the quantity to increase from 1,000 to 1,800.Using the midpoint method,the elasticity of supply equals
Relative Frequency Distribution
A tabular summary of data showing the fraction or proportion of observations in each of several nonoverlapping categories or classes.
Fraction
A mathematical expression representing the division of one number by another, denoting part of a whole.
Total Number
The entirety or sum of amounts, quantities, or counts of items in a set.
Classes
Categories or groupings into which data points are organized for statistical analysis or presentation.
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