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Why Do Economists Measure Responsiveness of Demand to Price in Percentage

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Essay

Why do economists measure responsiveness of demand to price in percentage changes rather than in absolute changes?


Definitions:

Abortifacients

Substances that induce abortion by inhibiting the viability of a fetus or by stimulating menstrual flow.

Termination

The act of ending or concluding something, such as a job, contract, or relationship.

Pregnancy

The condition of carrying one or more embryos or fetuses within the female body, typically lasting around nine months.

Abortion Services

Medical and support services offered to individuals seeking to terminate a pregnancy.

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