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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Definitions:

Menstrual Flow

The periodic discharge of blood and mucosal tissue from the inner lining of the uterus through the vagina.

Menstruation

The monthly shedding of the uterine lining in females, part of the menstrual cycle that typically includes bleeding from the vagina.

Loop Electrode

A type of electrode designed in a loop shape, commonly used in surgical procedures to remove tissue.

Cervical Tissue

The tissue of the cervix, the lower, narrow end of the uterus that opens into the vagina.