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Here is the ideal place for the midpoint formula, which essentially finds the average of the x values and y values: midpoint = ( x1 + x2 2 , y1 + y2 2) m i d p o i n t = x 1 + x 2 2 , y 1 + y 2 2 You see how you are adding the two x values, and
Elasticity midpoint formula With the midpoint method, elasticity is much easier to calculate because the formula reflects the average percentage change of price and quantity. In
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