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OpenStudy (anonymous):
I just have a really stupid question.. How do I find the Midpoint?
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OpenStudy (anonymous):
The quantity Original - 495000 Change - 664000 Average - 597500 Change - 169000 Percent Change - 342.9 The Price Original - 2650 New - 2430 Average - 2540 Change - 220 Percent Change - -1154.55 Using the Midpoint method, the elasticity of demand for laptops is about A.) .3 B.) 1.68 C.) 3.37 D.) 6.73
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