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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 9
Problem 9
What is the advantage of using the midpoint formula in elasticity calculations?
A
It provides consistent results regardless of the direction of price change.
B
It always results in a value of one.
C
It eliminates the need for percentage changes.
D
It only applies to inelastic demand.
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