Question

IF the demand curve is a rectangular hyperbola elasticity is

Answer 1

Hey....

Answer

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--If demand curve is rectangular hyperbola then the elasticity is one..

--- It is also called unitary elastic demand...

--- In this the percentage change in quantity demanded is equal to percentage change in price of own commodity..

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Answer 2

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