Economists Use Elasticity to Measure the Responsiveness of Quantity to a Change

question 115

Multiple Choice

Economists use elasticity to measure the responsiveness of quantity to a change in price rather than the slope of the demand curve because elasticity is

• A) independent of the units of measurement.
• B) dependent on the units of measurement.
• C) easier to calculate.
• D) harder to calculate.
• E) always negative whereas the slope is always positive.

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Definitions:

Police Officer

A member of the police force, tasked with enforcing law and order, providing public safety, and preventing, detecting, and investigating criminal activities.

Racial Profiling

The unjust practice of targeting individuals for suspicion of crime based on their race, ethnicity, religion, or national origin.

Stop-and-Search

Police practice of stopping individuals and searching them for weapons, illegal substances, or other contraband without a warrant.

Scot Wortley

A Canadian criminologist known for his research on race, crime, and the criminal justice system, particularly in the context of racial profiling and discrimination.