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Elasticity and the Midpoint Method
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Elasticity and the Midpoint Method
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4. Elasticity / Elasticity and the Midpoint Method / Problem 1
Problem 1
What is the primary advantage of using the midpoint method to calculate elasticity?
A
It requires fewer calculations
B
It is easier to calculate than other methods
C
It is more accurate than other methods
D
It provides consistent results regardless of price direction changes
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