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In economics, the units of measurement for elasticity are typically expressed as a ratio or percentage, without specific units. It is a measure of how responsive one economic variable is to changes in another variable.

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What are the units of modulus of elasticity?

The units of modulus of elasticity are typically expressed in Pascals (Pa) or pounds per square inch (psi).


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What are some common questions about elasticity that are frequently asked in economics?

Some common questions about elasticity in economics include: How does price elasticity of demand affect consumer behavior? What factors influence the elasticity of supply for a particular good or service? How does income elasticity of demand impact the overall economy? What is the relationship between cross-price elasticity and substitute or complementary goods? How can elasticity be used to predict market trends and make pricing decisions?


Factors influencing the price elasticity of demand?

Very good answer here: http://tutor2u.net/economics/content/topics/elasticity/elastic.htm


Cross elasticity of demand?

In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.


What are the units of modulus of elasticity in English?

The units of modulus of elasticity in English are pounds per square inch (psi) or kilopounds per square inch (ksi).