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. .

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

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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 fo…

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