If the demand curve is a rectangular hyperbola, elasticity is
-zero -one. -less than one -infinity
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Explanation:
Unitary elastic demand is a type of demand which changes in the same proportion to its price; this means that the percentage change in demand is exactly equal to the percentage change in price.
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Answer:
When percentage change in the quantity demanded is equal to percentage change in price, then demand for such a commodity is said to be unitary elastic. In this case, Ed = 1 and the demand curve is a rectangular hyperbola. Rectangular hyperbola is a curve under which the total area at all points will be the same.
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