Assertion: arc elasticity | /r/HasProperty | second solution
Facets:
value: to the asymmetry problem
type: TRANSITIVE-OBJECT
Source sentences:
text: Arc Elasticity is a second solution to the asymmetry problem of having an elasticity dependent on which of the two given points on a demand curve is chosen as the "original" point will and which as the "new" one is to compute the percentage change in P and Q relative to the average of the two prices and the average of the two quantities, rather than just the change relative to one point or the other.