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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