Arc Elasticity of Demand
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Arc Elasticity of Demand
This video calculates the price elasticity of demand using the midpoint formula, a non-calculus approach. Several numerical examples are provided in the video. To calculate the point elasticity of demand, the calculus approach, see here: https://youtu.be/io4GwFGiVcI and https://youtu.be/EwV5WerRbOU
41.2K viewsJun 21, 2018
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