By Floyd Greene,2014-09-05 03:26
An s we r s t o t h e R e v i e w Qu i z z e s
1. Why do we need a units-free measure of the responsiveness of
the quantity demanded of a good or service to a change in its
The elasticity of demand is a units-free measure. Compare it as a
measure of the responsiveness to some other candidate that depends
on the units, such ..