Recently,in Smalltown,the price of Twinkle snack cakes fell from $1.80 to $1.70.As a result,the quantity demanded of Giggle snack cakes decreased from 110 to 100.What would be the appropriate elasticity to compute
Using the midpoint method,compute this elasticity.What does your answer tell you

Question

Recently,in Smalltown,the price of Twinkle snack cakes fell from $1.80 to $1.70.As a result,the quantity demanded of Giggle snack cakes decreased from 110 to 100.What would be the appropriate elasticity to compute
 Using the midpoint method,compute this elasticity.What does your answer tell you

Quizplus · Accepted Answer

The Answer of Recently,in Smalltown,the price of Twinkle snack cakes fell from $1.80 to $1.70.As a result,the quantity demanded of Giggle snack cakes decreased from 110 to 100.What would be the appropriate elasticity to compute
 Using the midpoint method,compute this elasticity.What does your answer tell you

Recently,in Smalltown,the Price of Twinkle Snack Cakes Fell from $1