Why dont we measure the responsiveness of demand to price changes by the slope of the demand

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Why don’t we measure the responsiveness of demand to price changes by the slope of the demand curve instead of using the more complicated expression for elasticity?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:19 AM

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Why dont we measure the responsiveness of demand to price changes by the slope of the demand

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The slope of the demand will give only an absolute cha...View the full answer

Microeconomics and Behavior

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