A baker sells 30 bagels for $2.00 each. Then he lowers his price to $1.00 each and sells 50. Use the midpoint formula to calculate the baker's price elasticity of demand for a bagel.
A. 1.32
B. .5
C. .75
D. −.75
Mathematics
Views: 0 Asked: 12-14 18:18:37
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