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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
  5. Question
    The Midpoint Formula for Calculating Price Elasticity of Demand Gives
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The Midpoint Formula for Calculating Price Elasticity of Demand Gives

Question 123

Question 123

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The midpoint formula for calculating price elasticity of demand gives the same answer, regardless of the direction of the price change.

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