Question

The price elasticity of demand is equal ti one for a demand curve, which is
Vertical line,
Rectangular hyperbola,
Horizontal line ,
Downward moving line

Answer 1

vertical line elasticity of demand is equal it one for a demand

Answer 2

The price elasticity of demand is equal to one for a demand curve, which is a rectangular hyperbola.

• A rectangular hyperbolic demand curve is used to depict unitary elastic demand.
• According to the whole outlay method, which maintains constant total expenditure over the demand curve, this makes sense.
• Price elasticity of demand measures how much a product's consumption changes in response to price changes.
• The demand for the good is said to be unitary elastic when the percentage change in the quantity demanded is equal to the percentage change in the price.