Which of the following is a not a valid reason whyeconomists' consider the computation of amidpoint in elasticity?Because of the instances of market shocksthat may change the pattern of acommodity's elasticity.O None of the choices.OOBecause there is a need to determine theproduct-market fit from a historical data.Because changes are prone to one timeevent that may deviate from the historicaldata.

The midpoint formula for elasticity is used to calculate the percentage change in amount or price…

Which of the following is a not a valid reason why economists' consider the computation of a midpoint in elasticity? O Because of the instances of market shocks that may change the pattern of a commodity's elasticity. None of the choices. Because there is a need to determine the product-market fit from a historical data. Because changes are prone to one time event that may deviate from the historical data.

Which of the following is a not a valid reason why economists' consider the computation of a midpoint in elasticity? O Because of the instances of market shocks that may change the pattern of a commodity's elasticity. None of the choices. Because there is a need to determine the product-market fit from a historical data. Because changes are prone to one time event that may deviate from the historical data.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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