Calculate the midpoint price elasticity of demand between 80,000 and 100,000

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19-10-2017
Business

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Calculate the midpoint price elasticity of demand between 80,000 and 100,000

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AnimeBrainly AnimeBrainly · Answer 1 · 2017-10-19T18:31:54+02:00

AnimeBrainly AnimeBrainly

19-10-2017

Mid-point is the middle of the two endpoints.

80,000 and 100,000 is your end point, to get mid-point, add the two numbers together and divide by two

or (x + y)/2

IN this case, (80,000 + 100,000)/2

your answer is 90,000

hope this helps

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