IDNLearn.com: Your one-stop platform for getting reliable answers to any question. Get step-by-step guidance for all your technical questions from our dedicated community members.
Sagot :
The correct option is C.
The measurement of slope is sensitive to the units chosen for price and quantity.
What Is Meant by Elasticity in Economics?
The term "elasticity" refers to a measurement of how responsively a quantity that is required or supplied is to one of its determinants. When a factor, like as price or supply, changes, the demand for a good responds quickly. Conversely, items that are inelastic maintain their demand even when prices increase significantly.
How do we measure elasticity?
The calculation for this indicator, also known as cross-price elasticity of demand, involves dividing the percentage change in the amount demanded of one good by the percentage change in its price.
To know more about Demand curve visit:
https://brainly.com/question/14298831
#SPJ4
I understand that the question you are looking for is:
The slope of a demand curve is not used to measure the price elasticity of demand because
A) the slope of a linear demand curve is not constant.
B) the slope of a line cannot have a negative value.
C) the measurement of slope is sensitive to the units chosen for price and quantity.
D) the slope of the demand curve does not tell us how much quantity changes as price changes.
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.
