The Mid-Point Method of Calculating Elasticity Is Typically Used Because

question 3

Multiple Choice

The mid-point method of calculating elasticity is typically used because:

• A) it is easier to calculate.
• B) it is universally understood by all economists.
• C) the negative sign can then be ignored.
• D) it is a consistent way to estimate the elasticity of demand between two points on a demand curve, regardless of the direction of the movement.

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