The reason economists use the midpoint method to compute


The reason economists use the midpoint method to compute elasticity is that:

it is the only viable way to measure total revenue.

economists want the elasticity to be the same whether the price is increasing or decreasing.

economists don't know how to use calculus.

it is the way to avoid always using negative numbers.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: The reason economists use the midpoint method to compute
Reference No:- TGS01078430

Expected delivery within 24 Hours