Skip to main content
Microeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Back
Percentage Change and Price Elasticity of Demand
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Percentage Change and Price Elasticity of Demand
Download worksheet
Practice
Summary
Previous
7 of 10
Next
4. Elasticity / Percentage Change and Price Elasticity of Demand / Problem 7
Problem 7
What is a potential issue with using original values in elasticity calculations?
A
It always results in an elasticity greater than 1.
B
It assumes constant demand.
C
It ignores changes in consumer preferences.
D
It can lead to different elasticity values depending on the direction of price change.
AI tutor
0
Show Answer