tag:blogger.com,1999:blog-6576358103194698462.post6588240254115843472..comments2020-02-18T21:48:18.324-08:00Comments on FreeEconHelp.com, Learning Economics... Solved!: Using the midpoint formula to solve elasticity questions in economicsUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6576358103194698462.post-27404713445463620872018-10-10T21:32:14.610-07:002018-10-10T21:32:14.610-07:00Your formula is upside down %Change in QD / %Chan...Your formula is upside down %Change in QD / %Change in Price.Anonymoushttps://www.blogger.com/profile/16629380710032514219noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-11063640260232493542018-09-12T13:46:42.904-07:002018-09-12T13:46:42.904-07:00This is wrong. Please correct your formula to have...This is wrong. Please correct your formula to have the % change in price in the denominator and the % change in quantity demanded in the numerator. The correct answer, as stated by other commenters, is -2.25. Additionally, since elasticity of demand is always negative the negative sign is generally dropped for simplicity.Unknownhttps://www.blogger.com/profile/02754173411260471223noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-15096676694495403172016-03-20T16:35:34.126-07:002016-03-20T16:35:34.126-07:00pretty sure the right answer is -2.25 ;-Ppretty sure the right answer is -2.25 ;-PAnonymoushttps://www.blogger.com/profile/01626896177452597372noreply@blogger.comtag:blogger.com,1999:blog-6576358103194698462.post-68606940467862263352016-03-20T16:29:03.102-07:002016-03-20T16:29:03.102-07:00I think your formula is upside down homie...I think your formula is upside down homie...Anonymoushttps://www.blogger.com/profile/01626896177452597372noreply@blogger.com