Economy, asked by mainooramainu9, 3 months ago

what does the demand curve look like if demand is unit elastic​

Answers

Answered by pds39937
5

Explanation:-

Demand elasticity of a good with unit elastic demand is 1 (strictly speaking, elasticity equals -1 since the demand curve. The price is plotted on the vertical (Y) axis while the quantity is plotted on the horizontal (X) axis. is downward sloping; but in most cases, elasticity is calculated as an absolute value).

Answered by Anonymous
2

Answer:

Demand elasticity of a good with unit elastic demand is 1 (strictly speaking, elasticity equals -1 since the demand curve. The price is plotted on the vertical (Y) axis while the quantity is plotted on the horizontal (X) axis. is downward sloping; but in most cases, elasticity is calculated as an absolute value).

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