How Do Most Economists Report the Elasticity of Demand

question 210

Multiple Choice

How do most economists report the elasticity of demand

• A)as the absolute value of the actual number
• B)as a negative number, since price and quantity demanded move in opposite directions
• C)as a percentage, since both the numerator and denominator are percentages
• D)as a dollar amount, since we are measuring the change in price

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Definitions:

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Dramatic Cluster

In psychology, refers to a group of personality disorders, including antisocial, borderline, histrionic, and narcissistic personality disorders, characterized by dramatic, emotional, or erratic behavior.

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The state of being stretched tight, often leading to stress or strain in materials or psychological states in individuals.

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