Elasticity is measured in percentage terms because this enables variables measured in different units to be comparable.

Name: Elasticity is measured in percentage terms because this enables variables measured in different units to be comparable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Elasticity is expressed in percentage terms to allow for comparison across different goods and services, regardless of the units in which they are measured, by standardizing the measure of responsiveness.

Elasticity Is Measured in Percentage Terms Because This Enables Variables