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13-10-2022
Business

Answered

1. Refer to Figure 1. Using the midpoint method, between prices of $10 and $20, price elasticity of demand is about
a. 0.18. b. 0.12. c. 0.67. d. 5.67.

2. Refer to Figure 1. The maximum value of total revenue corresponds to a price of
a. $20. b. $50. c. $70. d. $100

Please refer to the picture

1 Refer to Figure 1 Using the midpoint method between prices of 10 and 20 price elasticity of demand is about a 018 b 012 c 067 d 567 2 Refer to Figure 1 The ma class=

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