The Mid-Point Method of Calculating Price Elasticity of Demand Measures

question 98

Multiple Choice

The mid-point method of calculating price elasticity of demand measures the _____ changes in quantity demanded and price relative to a point midway between _____.

• A) percentage; two points on a demand curve
• B) absolute; two points on a demand curve
• C) percentage; the demand and supply curves
• D) absolute; the demand and supply curves

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