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Answer to Question #216582 in Economics for Paballo
Question #216582
You are given the following information about the demand for fresh tomatoes.
Using the midpoint method calculate the price elasticity of demand (using 2 decimal places) for the R30 to R32 price range. The price elasticity of demand for tomatoes is
Expert's answer
To calculate the price elasticity of demand (using 2 decimal places) for the R30 to R32 price range, we need to know the quantities demanded at these prices.
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