Price Elasticity of Demand: The Midpoint Formula
9:53
YouTubeEconbusters
Price Elasticity of Demand: The Midpoint Formula
This video focuses on the two formulas used to calculate the price elasticity of demand. One is the simple formula, and it gives you two different answers based on which price point on the line segment you see as initial price. The other formula is known as the midpoint formula, and is generally thought to be the superior formula because it ...
584 viewsNov 2, 2021
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