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karamvir19 karamvir19
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A year ago
Interpretation of Price Elasticity of Demand

The table shows the quantity demanded for hockey pucks at various prices.
PointPriceQuantity Demanded
A145​
B240​
C335​
D430​
E525​
Using the midpoint formula, the price elasticity of demand between D and E is ________. At this point, the demand curve is ________ (elastic/inelastic). Round your final answer to two decimal places.

▸ -0.67, inelastic

▸ -0.82, elastic

▸ -0.67, elastic

▸ -0.82, inelastic
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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bizmailovabizmailova
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Just got PERFECT on my quiz
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