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A baker sells 30 bagels for $2.00 each. Then he lowers his price to $1.00 each and sells 50. Use the midpoint formula to calculate the baker's price elasticity of demand for a bagel. A. 1.32 B. .5 C. .
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A baker sells 30 bagels for $2.00 each. Then he lowers his price to $1.00 each and sells 50. Use the midpoint formula to calculate the baker's price elasticity of demand for a bagel.

A. 1.32
B. .5
C. .75
D. −.75

User MikeyB
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1 Answer

5 votes
it would be 1.32. because when u use mid point formal that is what u get
User Riccardolardi
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