The price elasticity of demand for oranges ________ change if the units of the quantity was changed from pounds to kilograms and ________ change if the units of the price was changed from dollars to cents.
A) would; would
B) would; would not
C) would not; would
D) would not; would not

Question

Quizplus · Accepted Answer

Price elasticity of demand is a unit-free measure, meaning it does not depend on the units of quantity or price. Therefore, changing the units from pounds to kilograms or from dollars to cents would not affect the elasticity.

The Price Elasticity of Demand for Oranges ________ Change If