Answered

Suppose the price of apples decreases from $1.00 to $0.80 each and, as a result, the quantity of apples demanded increases from 800 to 1,000. Using the midpoint method, the price elasticity of demand for apples in the given price range is____________.

Answer :

tutordamola

Answer:

The answer is -1.0

Explanation:

Please find the attached for the calculation.

${teks-lihat-gambar} tutordamola

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