Question content area

Part $1$

What is the midpoint method for calculating price elasticity of$$ demand?$$

Part $2$

The midpoint method for calculating price elasticity of demand$$ is:

Part $3$

A$.$

the change in quantity divided by the average of the initial and final quantities divided by price.

B$.$

the change in quantity divided by the

initialinitial

quantity divided by the change in price divided by the

initialinitial

price.

C$.$

the average of the initial and final quantities divided by the average of the initial and final prices.

D$.$

the change in quantity divided by the average of the initial and final quantities divided by the change in price divided by the average of the initial and final prices.

E$.$

the change in quantity divided by the average of the initial and final quantities divided by the change in price divided by the

finalfinal

price.