Elasticity of demand is another way to measure slope.

Name: Elasticity of demand is another way to measure slope.
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Question

Quizplus · Accepted Answer

Elasticity of demand measures how much the quantity demanded of a good responds to a change in the price of that good, which is different from slope, which measures the rate of change between two variables. Elasticity is a ratio of percentages, making it unitless and allowing for comparisons across different goods, whereas slope is dependent on the units of the variables it measures.

Elasticity of Demand Is Another Way to Measure Slope