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MMLU-Pro / 7662 / What is the coefficient of elasticity?

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

What is the coefficient of elasticity?

category

economics

options

  1. The sum of the percentage changes in both the dependent and independent variables
  2. The percentage change in the independent variable divided by the percentage change in the dependent variable
  3. The ratio of the percentage change in the independent variable to the absolute change in the dependent variable
  4. The absolute change in the dependent variable divided by the absolute change in the independent variable
  5. The ratio of the change in the dependent variable to the change in the independent variable
  6. The percentage change in the dependent variable divided by the percentage change in the independent variable
  7. The change in the independent variable divided by the change in the dependent variable
  8. The percentage change in the dependent variable divided by the absolute change in the independent variable
  9. The absolute change in the independent variable divided by the percentage change in the dependent variable
  10. The sum of the changes in the dependent and independent variables

src

stemez-Economics

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Source and history

Official source

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