Examlex
Which of the following is a disadvantage of using the range as a measure of variation?
Midpoint Formula
A method used in geometry to find the midpoint or the center point between two points on a line segment.
Absolute Value
The non-negative value of a number regardless of its sign.
Elasticity
a measure of how much the quantity demanded or supplied of a good responds to a change in one of its determinants, such as price.
Quantity Effect
The change in quantity demanded or supplied as a result of changes in price.
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