The Absolute Value of the Price Elasticity of Demand at the Midpoint

question 146

Multiple Choice

The absolute value of the price elasticity of demand at the midpoint of a linear demand curve is always

• A)greater than one
• B)less than one
• C)one
• D)zero
• E)infinity

---

Definitions:

Administrative Department

A segment within an organization responsible for managing general operations and administrative tasks.

Profit Center

A segment or department within a business that is responsible for generating its own revenue and profits.

Revenue Center

A division or unit within an organization responsible for generating revenue through its operations and activities.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold before accounting for other expenses.