Why Is It Customary to Report Price Elasticity of Demand

question 14

Essay

Why is it customary to report price elasticity of demand in absolute value terms while cross elasticities and income elasticities are reported with their sign attached?

---

Definitions:

Measurable Goal

A goal that can be quantified or assessed using specific criteria, making it easy to track progress or completion.

Sobriety

The state of not being under the influence of alcohol or drugs and often a goal in treatment for substance abuse.

Period

A length or portion of time.

Symptom-Based

Symptom-based approaches focus on identifying and treating the specific symptoms of a disorder or condition rather than its underlying causes.