If We Ignore the Negative or Positive Sign,the Midpoint Method

question 32

Multiple Choice

If we ignore the negative or positive sign,the midpoint method of calculating a percentage change in price between two points on a demand curve results in

• A) a smaller percentage change if the price rises than if it falls.
• B) the same percentage, regardless of whether the price increases or decreases.
• C) the price elasticity of demand.
• D) the price elasticity of supply.
• E) a higher percentage change if the price rises than if it falls.

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