Business, 19.10.2019 04:10 jayla232

Jaycee jeans sold 40 pairs of jeans at a price of $40. when it lowered its price to $20, the quantity sold increased to 60 pairs. calculate the absolute value of the price elasticity of demand. use the midpoint formula
a) 0.6
b) 1.67
c) 1.0
d) 0.53

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Jaycee jeans sold 40 pairs of jeans at a price of $40. when it lowered its price to $20, the quantit...

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