The measurement of the price elasticity of demand is unit free.

Name: The measurement of the price elasticity of demand is unit free.
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Quizplus · Accepted Answer

The formula for price elasticity of demand results in a unit-free measure as it involves dividing the percentage change in quantity demanded by the percentage change in price. Therefore, the unit of price and quantity cancel out, making it unit-free.

The Measurement of the Price Elasticity of Demand Is Unit