A blog for CinciDood's (aka Atomic Kid, aka Jack Julian) microeconomics course at IUP. Refresh page to ensure you are reading the most current entries.

Tuesday, April 07, 2009

A Gimme

Hey all

If you're planning on taking the test on Wednesday, I wanted to let you know something.

**I'm going to give you the midpoint formula for price elasticity of demand.**

Yes, it is a crazy formula. I don't want you to get bogged down on that.

However, you may have to calculate income elasticity. Just remember to change P (prices) to I (income) and you use the same formula.

1 Comments:

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