Demand is unit elastic when
Answers
Answered by
0
Answer:
Unit elastic
Describes a supply or demand curve which is perfectly responsive to changes in price. That is, the quantity supplied or demanded changes according to the same percentage as the change in price. A curve with an elasticity of 1 is unit elastic.
Answered by
0
Unit elastic
Describes a supply or demand curve which is perfectly responsive to changes in price. That is, the quantity supplied or demanded changes according to the same percentage as the change in price. A curve with an elasticity of 1 is unit elastic.
please mark this answer as brainliest.
Similar questions