Question: Using the midpoint formula find: a ) Find the demand elasticity between points B and C using the midpoint formula, and say whether elastic, inelastic
Using the midpoint formula find:
a Find the demand elasticity between points B and C using the midpoint formula, and say whether elastic, inelastic or unit elastic.
b Find the demand elasticity between points C and D using the midpoint formula, and say whether elastic, inelastic or unit elastic.
c Find the supply elasticity between points D and E using the midpoint formula and say whether elastic, inelastic or unit elastic.
d Find the supply elasticity between points A and B using the midpoint formula and say whether elastic, inelastic or unit elastic.
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