Calculating Elasticity and Percentage Changes
Read this article on how to estimate elasticity. Make sure to answer the "Try It" questions.
What you'll learn to do: explain the price elasticity of demand and price elasticity of supply, and compute both using the midpoint method
Source: Lumen Learning, https://courses.lumenlearning.com/wmopen-microeconomics/chapter/calculating-elasticity-and-percentage-changes/
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