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.
Finding the midpoint is quite easy, the only thing you will need are the coordinates for both points and then use the following formula: Midpoint = ( x m , y m ) = ( x 1 + x 2 2 , y 1 +
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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