Find the Midpoint of the Line Segment Whose Endpoints Are $$\left( \frac { 7 } { 5 } , \frac { 3 } { 2 } \right) , \left( \frac { 4 } { 5 } , \frac { 5 } { 2 } \right)$$

question 274

Multiple Choice

Find the midpoint of the line segment whose endpoints are given.
- $$\left( \frac { 7 } { 5 } , \frac { 3 } { 2 } \right) , \left( \frac { 4 } { 5 } , \frac { 5 } { 2 } \right)$$

• A) \(\left( \frac { 11 } { 5 } , 4 \right)\)
• B) \(\left( - \frac { 3 } { 10 } , \frac { 1 } { 2 } \right)\)
• C) \(\left( \frac { 11 } { 10 } , 2 \right)\)
• D) \(\left( \frac { 3 } { 10 } , - \frac { 1 } { 2 } \right)\)

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Definitions:

Inelastic

Describes a situation where the demand or supply for a good or service is relatively unresponsive to changes in price, meaning that price variations have little effect on the quantity demanded or supplied.

Elastic Demand

A situation where the demand for a product is sensitive to price changes, with relatively large changes in demand for small changes in price.

Revenue

The total amount of money generated by the sale of goods or services before any costs or expenses are deducted.

Unit Price Elastic

A condition where a change in the price of a good or service has a proportional change in the quantity demanded or supplied.