Economists Use the Percentage Change in Quantity Rather Than the Absolute

question 138

Multiple Choice

Economists use the percentage change in quantity rather than the absolute change in quantity because:

• A) percentage changes are easier to calculate than absolute changes.
• B) the measured elasticity is the same regardless of the unit of measurement for quantity.
• C) absolute changes are confusing to convert.
• D) absolute changes often result in negative numbers.

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