3. Using the midpoint method The following graph shows two known points ( $X$ and $Y$ ) on a demand curve for apples. According to the midpoint method, the price elasticity of demand for apples between point $X$ and point $Y$ is ipproximately , which suggests that the demand for apples is between points $X$ and $Y$ .

Question

3. Using the midpoint method The following graph shows two known points (

X

and

Y

) on a demand curve for apples. According to the midpoint method, the price elasticity of demand for apples between point

X

and point

Y

is ipproximately , which suggests that the demand for apples is between points

X

and

Y

.

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Expert Answer to -  3. Using the midpoint method The following graph shows two known points ( X and Y ) on a demand cur

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Solution for -  3. Using the midpoint method The following graph shows two known points ( X and Y ) on a demand cur

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(Solved): 3. Using the midpoint method The following graph shows two known points ( X and Y ) on a demand cur ...