One practical reason that economists use percentages to measure elasticity is: Group of answer choices: that more complicated calculations tend to be more accurate. to be able to compare characteristics of unrelated products. to convert elasticities to dollar units. to convert units to the metric system.
One practical reason that economists use percentages to measure elasticity is: Group of answer choices: that more complicated calculations tend to be more accurate. to be able to compare characteristics of unrelated products. to convert elasticities to dollar units. to convert units to the metric system.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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One practical reason that economists use percentages to measure elasticity is:
Group of answer choices:
that more complicated calculations tend to be more accurate.
to be able to compare characteristics of unrelated products.
to convert elasticities to dollar units.
to convert units to the metric system.
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