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The Main Reason for Using the Midpoint Method to Calculate

Question 18

Multiple Choice

The main reason for using the midpoint method to calculate an elasticity is that it


A) gives the same answer regardless of whether the price increases or decreases.
B) recognizes that prices are usually increasing, not decreasing.
C) rounds prices to the nearest dollar and quantities to the nearest whole unit.
D) uses fewer numbers than alternative methods.

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