question archive Economists prefer elasticities for all of the following reasons except that: a

Economists prefer elasticities for all of the following reasons except that: a

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Economists prefer elasticities for all of the following reasons except that:

a. They do not depend on units of measurement,

b. They are based on total changes in units,

c. They are based on percentage changes,

d. They depict a relationship independent of how the variables are measured.

Option 1

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