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Percentage Change and Price Elasticity of Demand
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Percentage Change and Price Elasticity of Demand
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4. Elasticity / Percentage Change and Price Elasticity of Demand / Problem 4
Problem 4
How can using average values in the denominator help achieve consistent elasticity results?
A
It only affects the numerator.
B
It increases the elasticity value.
C
It standardizes the calculation by averaging the initial and final values, reducing discrepancies.
D
It eliminates the need for percentage changes.
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