If the Elasticity of Demand Is -2

question 39

Multiple Choice

If the elasticity of demand is -2.3 when calculated using the point elasticity method and -3.4 using the arc elasticity method, then

• A)you should use the point elasticity.
• B)it is OK to use either one.
• C)there must be a mistake in the calculations.
• D)you should use the arc elasticity.

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Definitions:

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