1- ECON101 The midpoint method is used to compute elasticity because itSelect one:a.automatically computes a positive number instead of a negative number.b.automatically rounds quantities to the nearest whole unit.c.results in an elasticity that is the same as the slope of the demand curve.d.gives the same answer regardiess of the direction of change.Jump to

Midpoint method is one of the method used to find out the elasticity.

Answered: The midpoint method is used to compute…

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The midpoint method is used to compute elasticity because it

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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