Price Elasticity of Demand - point to point vs. midpoint

Price Elasticity of Demand going from one point (A) on a Demand Curve to another point (B) is different from Price Elasticity of Demand going form point B to point A. Unless we use the midpoint method.

 

ramo

 
Resource Type
Activity
Tags
economics  elasticity  microeconomics  price 
Target Group (Age)
15 – 18
Language
English (United Kingdom)
 
 
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4.0
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