Business, 28.02.2020 22:49 savannahsharp4463

When the price of a candy bar is $1.00, the quantity demanded is 500 per day. When the price falls to $0.80, the quantity demanded increases to 600. Given this information and using the midpoint method, we know that the demand for candy bars is:
a. inelastic
b. elastic
c. unit elastic
d. perfectly inelastic

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When the price of a candy bar is $1.00, the quantity demanded is 500 per day. When the price falls t...