With the midpoint method, elasticity is much easier to calculate because the formula reflects the average percentage change of price and quantity. In the formula below, Q
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To solve a math equation, you need to find the value of the variable that makes the equation true.
Find the x in between, find the y in between. So midpoint formula. What they'll really say is the midpoint-- so maybe we'll say the midpoint x-- or maybe I'll call it this way. I'm just making up notation. The
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