Economy, asked by malikpriyansh155, 3 days ago

If price elasticity of demand for a product is equal to one , what will be the nature of its demand curve ?​

Answers

Answered by Karu1405
1

Answer:

If the value is less than 1, demand is inelastic. In other words, quantity changes slower than price. If the number is equal to 1, elasticity of demand is unitary.

Explanation:

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