Business, 19.03.2021 03:10 Homepage10

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. Enter an exact number rounded to the nearest hundredth.

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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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