Multiple Choice
If the elasticity of demand is -2.3 when calculated using the point elasticity method and -3.4 using the arc elasticity method, then
A) you should use the point elasticity.
B) it is OK to use either one.
C) there must be a mistake in the calculations.
D) you should use the arc elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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