Multiple Choice
What is the main reason for using the midpoint method
A) It gives the same answer regardless of the direction of change.
B) It uses fewer numbers.
C) It rounds prices to the nearest dollar.
D) It rounds quantities to the nearest whole unit.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q207: Why do some firms experience elastic supply
Q208: OPEC failed to maintain a high price
Q209: Alyssa says that she would buy one
Q210: How do most economists report the elasticity
Q211: Why would vanilla cupcakes tend to have
Q213: You own a small town movie theatre.You
Q214: Assume that a six percent increase in
Q215: When will a decrease in supply cause
Q216: Last year,Ravi bought six pairs of shoes
Q217: What does a perfectly elastic demand imply<br>A)Buyers