Business, 02.02.2020 18:49 iaminu50

Consider the market for a breakfast cereal. the cereal's price is initially $3.203.20 and 6868 thousand boxes are demanded per week. the company that produces the cereal is considering raising the price to $3.703.70. at that price, consumers would demand 6363 thousand boxes of cereal per week. what is the price elasticity of demand between these prices using the midpoint formula ?

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Consider the market for a breakfast cereal. the cereal's price is initially $3.203.20 and 6868 thous...