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Which of the following is a FALSE statement about question?
Midpoint Formula
In economics, it's often used to compute the elasticity of demand or supply, calculating the percentage change in quantity demanded or supplied relative to the percentage change in price.
Price Of Pretzels
The amount of money required to purchase a specified quantity of pretzels.
Inelastic Portion
The segment of the demand curve where consumers are relatively unresponsive to price changes.
Total Revenue
The total amount of money a firm receives from selling its products or services.
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