Andrews, Thomas; Benzing, Cynthia - In: Journal for Economic Educators 10 (2010) 1, pp. 1-13
of the price elasticity of demand have the potential to further confuse students, as do elasticity estimates that are … dated and inappropriate. Principles instructors could better explain the price elasticity of demand by concentrating on the … price-quantity point on a demand curve and the mid-point formula, while avoiding rotating demand curves and relying less on …