Calebwando1395 Calebwando1395
  • 13-02-2020
  • Business
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When the price of bubble gum is $0.50, the quantity demanded is 400 packs per day. When the price falls to $0.40, the quantity demanded increases to 600. Given this information and using the midpoint method, we know that the demand for bubble gum is:

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KaylinPeterson
KaylinPeterson KaylinPeterson
  • 13-02-2020

Answer:

The Answer is Elastic, I took the same assignment!! Hope this helps.

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