Elasticity of demand is equal to one indicates
a. Unitary Elastic Demand
b. Perfectly Elastic Demand
c. Perfectly Inelastic Demand
d. Relatively Elastic Demand
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(A) unitary elastic demand
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heya user!
here is ur answer <<>><<>><<>><<>><<>>
a) Unitary Elastic demand I. e. ed=1 it means that percentage changes in price is equivalent to percentage changes in demand.
hope this help!
here is ur answer <<>><<>><<>><<>><<>>
a) Unitary Elastic demand I. e. ed=1 it means that percentage changes in price is equivalent to percentage changes in demand.
hope this help!
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