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.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: In general, the more elastic a demand
Q133: The change in the quantity demanded of
Q134: The demand for a subway ride is
Q135: A corn farmer is likely to have
Q136: The cross-price elasticity of demand for peanut
Q137: Price elasticity is a measure of how<br>A)
Q139: Suppose when the price of pineapples goes
Q140: Gasoline and motel rooms are complements for
Q141: If a good has an income elasticity
Q143: Suppose when the price of pizza goes