Business, 20.12.2019 03:31 mandy9386

When the price of a can of coca-cola increased from 60 cents to 80 cents a can, the quantity dropped from 1 million cans per day to 500,000 cans per day. using the midpoint formula for computing the elasticity, the price elasticity of demand for coca-cola is:

a. unit elastic
b. inelastic
c. –2.33
d. –0.233
e. –1.5

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When the price of a can of coca-cola increased from 60 cents to 80 cents a can, the quantity dropped...

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