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The Mid-Point Method of Calculating Elasticity Is Often Used Because

Question 106

Multiple Choice

The mid-point method of calculating elasticity is often used because:


A) it allows us to have a consistent way to estimate the elasticity of demand between two points,regardless of the direction of the movement.
B) it is easier to calculate.
C) it is universally understood by all economists.
D) the negative sign can then be ignored.

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