Statements that are related to unitary elastic demand
a) Percentage change in price leads to proportionate change in quantity
demanded
b) Co-efficient of elasticity is equal to 1 (ed=1)
c) Demand curve is a rectangular hyperbola
d) It is a type of price elasticity of demand
Answers
Answered by
1
Answer:
b and d
Explanation:
unitary elasticity of demand refers to that situation when percentage change in price will affect the demand with the same proportion
Similar questions