Question

If the demand curve is rectangular hyperbola elasticity is

Answer 1

Answer:

If the demand curve is a rectangular hyperbola, then elasticity at every point along the demand curve will be equal to 1. This curve is also known as unitary elastic demand curve

Answer 2

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If the demand curve is a rectangular hylerbola, then elasticity at every point along the demand curve will be equal to 1. This curve is also known as unitary elastic demand curve.

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