Please use the ARC Method to calculate the own-price elasticity for the scenario below: Cason advertises to sell homegrown strawberries for $3.61 a carton. He sells 53 dozen, and decides that he can charge more. He raises the price to $5.5 a dozen and sells 44 dozen. What is the elasticity of demand for homegrown strawberries? *Remember to use the absolute value (no negative sign!)

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