given the current economic trend a local coffee shop decreases price o
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Given the current economic trend, a local coffee shop decreases price of cup of a coffee from1.600KD to 1.400KD, as a result, weekly coffee cup sales increases from 1,200 to
1,400. Using midpoint method estimate the percentage in price (show your work) Using midpoint method estimate the percentage in quantity (show your work) Estimate price elasticity of demand and interpret the result. (