Price elasticities are measured in percentage terms because-09014
Price elasticities are measured in percentage terms because:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.7.
Price elasticities are measured in percentage terms because:
It makes students' lives more complicated.
The resulting measure is unit free.
It gives a more accurate answer.
The answer is always negative that way.
