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microeconomics
Essay specific features
Written by:
Angela D
Date added:
May 29, 2016
Level:
University
Grade:
B
No of pages / words:
4 / 1118
Was viewed:
368 times
Rating of current essay:
Essay content:
Emphasis: The percentages changes are compared, not the absolute changes.
a. Absolute changes depend on choice of units. For example, a change in the price of a $10,000 car by $1 and is very different than a change in the price a of $1 can of beer by $1. The auto's price is rising by a fraction of a percent while the beer price is rising 100 percent...
displayed 300 characters
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Emphasis: The percentages changes are compared, not the absolute changes.
a. Absolute changes depend on choice of units. For example, a change in the price of a $10,000 car by $1 and is very different than a change in the price a of $1 can of beer by $1. The auto's price is rising by a fraction of a percent while the beer price is rising 100 percent...
displayed 300 characters
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