Question

The midpoint method is used to compute elasticity because it a. automatically computes a positive number instead of a negative number. b. results in an elasticity that is the same as the slope of the demand curve. c. gives the same answer regardless of the direction of change. d. automatically rounds quantities to the nearest whole unit.

Answer 1

Answer:

c. gives the same answer regardless of the direction of change.

Explanation:

The midpoint method helps to calculate elasticity using the average percent change in quantity  and price and its advantage is that it gives the same elasticity between two points no matter if price increases or decreases.