(Solved): 3. Using the midpoint method The following graph shows two known points ( X and Y ) on a demand cur ...

3. Using the midpoint method The following graph shows two known points ( $X$ and $Y$ ) on a demand curve for apples. (?) According to the midpoint method, the price elasticity of demand for apples between point $X$ and point $Y$ is approximately , which suggests that the demand for apples is between points $X$ and $Y$.