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:

Professors

Faculty members of a college or university with the responsibility of teaching and research.

Extensions

Additional parts or components added to enhance or expand the functionality or capability of an existing system.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Justin Timberlake

An American singer, songwriter, actor, and record producer, known for his contributions to pop music and roles in various films and television shows.