Why do economists complicate the equation for elasticity by averaging prices and quantities?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:30 AM

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Why do economists complicate the equation for elasticity by averaging prices and quantities?

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Because elasticity refers to percentage changes within a price range th...View the full answer

Principles of Economics

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