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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If we ignore the negative or positive sign, the midpoint method of calculating a percentage change in price between two points on a demand curve results in
A) a smaller percentage change if the price rises than if it falls.
B) the same percentage, regardless of whether the price increases or decreases.
C) the price elasticity of demand.
D) the price elasticity of supply.
E) a higher percentage change if the price rises than if it falls.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 402 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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8 years ago
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