The Midpoint Formula Is Used to Measure the Elasticity of Demand

question 157

Multiple Choice

The midpoint formula is used to measure the elasticity of demand between two points on a demand curve

• A)when demand is elastic.
• B)in special cases when the percentage change in the quantity demanded is equal to the percentage change in price.
• C)to ensure that the elasticity has a negative value.
• D)to ensure that we have only one value of the price elasticity of demand between two points on a demand curve.

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Definitions:

Transference

In psychoanalysis, the process by which patients project feelings about important figures in their life onto the therapist.

Approval

The act of agreeing with, accepting, or endorsing something or someone, often officially.

Therapist's

Pertaining to a therapist, often relating to their methods, practices, or interventions used in the treatment of disorders.

Cognitive-Behavioral

Referring to a type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors.