We Use the Midpoint Formula in Computing the Price Elasticity

question 193

Multiple Choice

We use the midpoint formula in computing the price elasticity of demand coefficient in order to

• A)make the coefficient value become independent of whether price goes up or down.
• B)convert absolute changes into percentage changes.
• C)eliminate the negative sign of the coefficient.
• D)make the coefficient become equal to the slope of the demand curve.

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