Measures of elasticity enhance our ability to study the magnitudes of changes.

Name: Measures of elasticity enhance our ability to study the magnitudes of changes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Measures of elasticity allow us to quantify the responsiveness of one variable to changes in another variable. This helps us to better understand the magnitudes of changes and the relationships between variables. Therefore, the statement is true.

Measures of Elasticity Enhance Our Ability to Study the Magnitudes