The Midpoint Method Is Used to Compute Elasticity Because It

question 80

Multiple Choice

The midpoint method is used to compute elasticity because it

• A)automatically computes a positive number instead of a negative number.
• B)results in an elasticity that is the same as the slope of the demand curve.
• C)gives the same answer regardless of the direction of change.
• D)automatically rounds quantities to the nearest whole unit.

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Definitions:

Natural Family

A concept often referring to a family structure centered around biological relations.

Natural Family

A term often used to refer to a family unit that includes biological parents and their children, as opposed to adoptive, step, or blended families.

Biological Parents

are the individuals whose genetic material a child inherits, commonly referred to as the birth mother and father.

Blended Family

A family unit where parents and their children from previous relationships live together or spend significant time together.