Economists Use the Percentage Change in Quantity Rather Than the Absolute

question 106

Multiple Choice

Economists use the percentage change in quantity rather than the absolute change in quantity for elasticity calculations because:

• A) percentage changes are easier to calculate than absolute changes.
• B) elasticity measurements come out the same when using percentage changes regardless of the unit of measurement used for quantity.
• C) absolute changes in quantity are difficult to convert to changes in price.
• D) absolute changes often result in negative numbers.

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