Why is price elasticity of demand measured in percentages rather than in units?

So that it does not depend on the units in which price and quantity are measuredCorrect answerYour answerBecause percentages are always largerCorrect answerYour answerBecause prices are always in rupeesCorrect answerYour answerSo that it is always equal to 1Correct answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

A change of 1 kg or 1,000 g is the same change, but the raw numbers differ; percentages do not.
A unit-free measure lets the elasticities of different goods be compared.

Concept: Why percentages
Typical timeTypical: 70 s
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The rule this testsThe percentage method

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Why is price elasticity of demand measured in percentages rather than in units?

Explanation