If 12 candy bars are demanded at $.30 each and 4 candy bars are demanded at $.50 each, what is the price elasticity of demand using the midpoint formula?
A)2
B)0.5
C)7.5
D)0.4
E)1.67

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The Answer of If 12 candy bars are demanded at $.30 each and 4 candy bars are demanded at $.50 each, what is the price elasticity of demand using the midpoint formula?
A)2
B)0.5
C)7.5
D)0.4
E)1.67

If 12 Candy Bars Are Demanded at