Using the midpoint method for calculating the price elasticity of demand, you get the same elasticity of demand between two points, whether you are moving up the demand curve or down it.

Question

Quizplus · Accepted Answer

The midpoint method of calculating the price elasticity of demand is symmetrical and results in the same elasticity regardless of whether the price is increasing or decreasing. Therefore, the statement is true.

Using the Midpoint Method for Calculating the Price Elasticity of Demand