Explain why elasticity of demand is measured in percentages.

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:12 AM

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Explain why elasticity of demand is measured in percentages.

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Elasticity is calculated in percentages so that it can be a measure of r...View the full answer

Economics Principles and Policy

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